Maersk -shipping logistics company to Cut Jobs and Retire Brands in Major Reorganization

Maersk is to phase out the Damco and Safmarine brands by the end of the year, in a major restructuring of its brands which could see some 27,000 jobs affected and some 3,400 jobs lost. The news  is a further step towards Maersk’s strategy of becoming an integrated transport and logistics company.