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Economy

TexasTowelie

(118,543 posts) Mon Nov 6, 2023, 05:12 AM Nov 2023

Maersk to cut 10,000 jobs as shipping demand drops - Reuters [View all]

Maersk, which controls about one-sixth of global container trade, announced it would cut at least 10,000 jobs due to overcapacity, rising costs and weaker prices.

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Maersk to cut 10,000 jobs as shipping demand drops - Reuters [View all] TexasTowelie Nov 2023 OP

Here's a text version from Reuters progree Nov 2023 #1

Interesting. News reports that our economy continues to grow. Maersk's action seems to contradict this. 3Hotdogs Nov 2023 #2

K&R 2naSalit Nov 2023 #3

Technology plateau reached bucolic_frolic Nov 2023 #4

If Maersk is doing this, the major Chinese ports must be laying off a lot of workers as well. OAITW r.2.0 Nov 2023 #5