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Maersk cuts jobs, sees drop in earnings as Red Sea reopens

Christian Wienberg & Sara Sjolin / Bloomberg
Christian Wienberg & Sara Sjolin / Bloomberg • 3 min read
Maersk cuts jobs, sees drop in earnings as Red Sea reopens
Maersk is planning to cut 1,000 jobs, equivalent to 15% of roles in its corporate functions, but under 1% of total workforce.
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(Feb 5): AP Moller-Maersk A/S plans to cut jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening. The shares fell.

Maersk said it expects underlying earnings before interest, taxes, depreciation and amortization to be in the range of US$4.5 billion ($5.73 billion) to US$7 billion this year, down from US$9.57 billion recorded in 2025, the company said in a statement on Thursday. Analysts on average estimated US$5.76 billion.

Maersk shares fell as much as 8.1% as trading started in Copenhagen, the most in three weeks.

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