News / No staff cuts at Yang Ming – 'it would be too harsh to lay off employees now'

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Taiwan’s liner operators won’t follow Maersk in implementing massive staff cuts, said Yang Ming president Patrick Tu on Monday.

On Friday, after slipping into the red for Q3, Maersk confirmed another 3,500 jobs would go, bring its total headcount cut to 10,000.

Mr Tu pointed out that while Maersk had invested in 3PL companies as part of its strategy to become an integrator, Yang Ming and many others had not.

He said: “The labour costs of each company ...