Maersk to cut 10,000 jobs as shipping demand falls

AP Moller-Maersk already cut 6,500 roles earlier this year as part of “rigorous cost containment measures” but said more redundancies were needed. The firm, which transports goods for major retailers such as Nike, said profits had plunged by nearly $8.5bn (£6.9bn) in its most recent results. It said “worsening” prices for shipping by sea required …

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