CP Ships

Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
Sector
Transportation / Storage
50 - Water transport
50 - Water transport
50 - Water transport
2,000 jobs
Number of planned job losses
Job loss
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 2000 and 5000 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 4000 people and will have 7000 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 World, factsheet number 63382, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63382.