Maersk to slash 3,500 jobs as profits, revenue plunge

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COPENHAGEN, Nov 3 — Danish shipping giant Maersk said today it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight...

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Maersk’s net profit nosedived to US$521 million between July and September against US$8.9 billion a year earlier.

 

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