Maersk to Cut at Least 10,000 Jobs as Shipping Boom Unravels
Vincent Clerc said in a statement."Since the summer, we have seen overcapacity across most regions triggering price drops and no noticeable uptick in ship recycling or idling," he said.Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years.Jyske Bank analyst Morten Holm Enggaard said the share price was mainly hit by Maersk saying it would reconsider whether to continue its share buy-back program into 2024."The only way we can read it is that we have to look into something very bad in 2024, and probably worse than what we had expected
Andersen will be CEO of Hempel
services providers with more than 500.000 employees, operations in 77 countries and revenue of DKK 74 billion in 2014 and has become a truly global organization with operations and customers in Europe, Asia, Pacific and the Americas. Prior to joining ISS A/S, Henrik spent more than 10 years with Jyske Bank. Henrik has a Master of Law from the University of Aarhus and diploma in International Finance from the Business School of Aarhus. Henrik is a non-executive director of the Board of Vestas A/S since 2013, where he is Chair of the Audit Committee and also has a position as member of the investment
