Denmark - Restructuring and job losses at Maersk - September 30, 2016

The trade, shipping and energy conglomerate AP Møller-Maersk Group has entered a turbulent stage of restructuring. Maersk announced a split into two separate divisions: Transport & Logistics and Energy. Its units APM Terminals, Maersk Line, Svitzer, Maersk Container Industry and Damco will be consolidated in the Transport division, while Maersk Oil, Maersk Drilling, Maersk Tankers and Maersk Supply Services will be grouped in the Energy division. The consequences for workers are unclear. Notably the energy division is in bad weather. In August Maersk Drilling laid off 122 employees after one of its rigs, the Maersk Valiant, lost a contract prematurely to one of its customers last week. Later that month, Maersk announced plans to lay off about 400 employees as part of the company’s austerity measures. Management referred to an unprecedented market situation that forces the company to adjust the volume of employees.

English: http://cphpost.dk/news/business/maersk-to-split-into-two-divisions.html

http://cphpost.dk/news/business/maersk-to-lay-off-400-employees.html

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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