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January 7, 2009

Maersk cuts headquarters jobs

A.P. Moller - Maersk A/S is to eliminate about 100 jobs at its Copenhagen headquarters.

It is reorganizing its headquarters into two distinct units --a corporate center and service functions.

The new setup means change to a number of activities and the current 830 headquarters jobs will be reduced by around 100. Of the remaining staff, around 250 will be employed in the corporate centers and 480 in service functions.

The corporate center will focus on activities such as accounting, finance, IT, corporate relations and Human Resources.

The service functions will support the corporate center and all business units in areas like procurement, IT-services, oil trading, technical operations and recruitment.

"The split will clarify responsibilities within the group and we will place even more operational responsibility where it should be decentralised in the business units. In addition, it will reduce complexity and save costs", says Nils S. Andersen, Group CEO of A.P. Moller - Maersk.

"Having to reduce the number of employees is regrettable. But as the pressure on our business units increases, group functions also have to be more effective in order to strengthen the group's overall competitiveness," he added.

In the coming weeks, the group will consult with an employee committee about redundancies, including compensation for the employees who will have to leave. The new headquarters setup is expected to be finalized this month.


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