News / Maersk upgrades profit expectations again, but confirms 2,000 redundancies

Maersk has exceeded analyst expectations, further upgrading its full-year earnings guidance to a level some 45% higher than at the start of the pandemic.

At the same time, the Danish transport and logistics group has confirmed around 2,000 redundancies as a consequence of its decision to retire its Safmarine and Damco brands and the rationalisation of back office and sales roles at subsidiary carrier Hamburg Süd.

Maersk said it would take a $100m hit from the redundancies in the third quarter.

A source ...