Danish shipping giant Maersk said Thursday that it would cut 1,000 corporate positions as part of plans to save around $180m annually.
The shipping line is reducing corporate costs across headquarters, regions, and countries with $180m annually.
Out of approximately 6,000 corporate positions, around 15% or approximately 1,000 positions will be closed.
Maersk said it has “announced steps to simplify the organisation and reduce the company’s corporate overhead,” as it aims “to drive continuous productivity improvements and maintain strong cost discipline.”
The required notification and consultation processes have been initiated.
Maersk’s revenue decreased by $1.5bn to $54.0bn ($55.5bn), primarily driven by Ocean and the persisting pressure on freight rates partially offset by terminals and logistics & services.
The full-year revenue for 2025 stood at $54.0bn ($55.5bn), Ebitda was $9.5bn ($12.1bn), and Ebit was $3.5bn ($6.5bn), reaching the top-end of the financial guidance.
In accordance with Maersk, Ebitda decreased to $9.5bn ($12.1bn) with a decline in Ocean of $2.9bn due to lower rates and higher container handling costs partially offset by improvement in Logistics & Services of $241m and in Terminals of $242m.
Ebit also decreased by $3.0bn to $3.5bn ($6.5bn), negatively impacted by the lower Ebitda and higher depreciation in Ocean.
The company’s net profit was $2.9bn ($6.2bn), mainly due to the significant decrease in Ocean earnings.
Maersk said it expects underlying Ebitda to be in the range of $4.5bn to $7bn this year.
“In 2025, the global logistics landscape continued to be shaped by significant disruptions, including the ongoing conflict in Ukraine, persistent challenges in the Red Sea and the imposition of new tariffs,” the company said.
“While these factors have not halted global trade, they have required businesses to adapt, whether by diversifying sourcing strategies or absorbing increased costs.”
For 2026, Maersk expects global container market volumes to grow between 2% and 4%.