Maersk says to cut 1,000 jobs as 2025 sales down 2.8%

Copenhagen: Danish shipping giant Maersk said Thursday that it would cut 1,000 corporate positions as it reported lower revenue for 2025 and warned of...

Copenhagen: Danish shipping giant Maersk said Thursday that it would cut 1,000 corporate positions as it reported lower revenue for 2025 and warned of continued overcapacity in the shipping industry this year.

Maersk said that to "maintain strong cost discipline" it was taking steps to "simplify the organisation and reduce the company's corporate overhead".

As a result, around 1,000 of its 6,000 corporate positions would be cut. Maersk has around 100,000 employees globally.

The company reported a fall in revenue to $54.0 billion last year, compared to $55.5 billion in 2024, despite increased shipping volumes.

Volumes grew 4.9 percent, in line with the overall market, "while profitability declined due to lower freight rates caused by supply overcapacity", it said.