COPENHAGEN, Denmark (AP) — Maersk Line, the shipping branch of Danish conglomerate A.P. Moller-Maersk, says it will reduce its network capacity, postpone investments and reduce its global headcount by at least 4,000 jobs by the end of 2017. Maersk Line says it was speeding up already announced plans to simplify the organization in the light of lower demand. Company CEO Soeren Skou said Wednesday in a statement that the decisions were "necessary steps to transform our industry.Read more on NewsOK.com

 

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