The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage Land, Water And Air Transportation Water Transport 50.2 - Sea and coastal freight water transport
131 jobs Number of planned job losses
19 jobs Number of planned job creations
Announcement Date
14 October 2017
Employment effect (start)
21 March 2018
Foreseen end date
Description
The acquisition of the German shipping company Hamburg Süd by the Danish shipping company Maersk in spring 2018 will lead to the cut 131 of 1015 jobs in Hamburg. Maersk announced that Hamburg Süd will continue to operate on its own, however, costs will be reduced in the operative sector such as logistics and networks. Furthermore, management announced that there will be 19 new job openings. Details regarding these new vacancies have yet to be announced.
Hamburg Süd has 4,500 employees on land and 1,500 employees operating container ships, most of which work on the company's main route between Europe and South America.
Sources
12 October 2017: Hamburger Morgenpost Online
13 October 2017: Hamburger Abendblatt (online)
Citation
Eurofound (2017), Hamburg Süd, Merger/Acquisition in Germany, factsheet number 92309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92309.
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