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Maersk to cut 10,000 jobs following collapse in shipping firm s revenues

Maersk said it plans to lay off 10,000 staff by the end of 2024 after the shipping giant posted a 47% drop in its third-quarter revenues

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US Futures Flat, European Stocks Rise

U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures don't necessarily predict.

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Maersk Stock Tanks as Shipping Giant Cuts Jobs Amid Profit Collapse

Maersk’s third-quarter EBITDA of $1.9 billion represents a fraction of last year’s $10.9 billion. It’s bad news for global trade.

Vincent clercJack dentonGetty imagesArticle normalMarine transportWater transport shippingTransportation logisticsFinancial performanceLabor personnelCorporate industrial newsLay offs redundanciesContent typesFactiva filtersC amp ampe industry news filterEconomy amp policyAp moeller maerskas series b

Maersk to Cut 10,000 Jobs as Shipping-Industry Boom Ends

Shipping giant swings from bumper profits to layoffs as demand for seaborne trade weakens

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Industrials Up on Strong Data, Earnings -- Industrials Roundup

Shares of industrial and transportation companies rose after jobs data spurred hopes of a prolonged hiatus in interest-rate increases. Employers added.

Rob curranLabor departmentArticle normalMarine transportWater transport shippingTransportation logisticsEconomic performance indicatorsEmployment unemployment figuresEconomic newsAp moeller maerskas series bMaerskb koDk maersk bEconomic performanceUnemployment figuresWater transport

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