Maersk cuts 10K jobs on weakening global trade : vimarsana.c

Maersk cuts 10K jobs on weakening global trade

A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in a shipping market that is set to remain weak until about 2026. Maersk shares extended declines to more than 18 percent, bringing the destruction of market value to…

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