Type
Merger/Acquisition
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Water Transport
50 - Water transport

100 jobs
Number of planned job creations
Job creation
Announcement Date
19 April 2006
Employment effect (start)
Foreseen end date
31 December 2007

Description

Following the aquisition of sea transport company CP Ships, the shipping company Hapag-Lloyd announced that between 2,000 and 5,000 jobs would be reduced at CP Ships worldwide. The 200 jobs of CP Ships in Germany, however, remain and 100 more jobs will be created at the company's headquarter in Hamburg. Hapag-Lloyd currently employs 4,000 people worldwide and it is expecting to have a workforce of 7,000 employees in the future (including the employees of CP Ships).


Sources

  • 20 April 2006: Financial Times Deutschland

Citation

Eurofound (2006), CP Ships, Merger/Acquisition in Germany, factsheet number 63381, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63381.