Denmark’s shipping giant Maersk said last week that it will cut another 100 jobs out of a head office workforce of 830 as it reshapes the destiny of the group. The reorganisation will see the establishment of two distinct management units – a corporate centre and service functions.
The company said in a statement that the split into two units would clarify responsibilities within the group while decentralising responsibility among the business units “where it should be”.
The Corporate Centre will focus on group governance issues such as accounting, finance, IT, corporate relations and Human Resources. The service functions will support the Corporate Centre and all business units in areas like procurement, IT-services, oil trading, technical operations and recruitment.
Group CEO Nils Andersen said that apart from clarifying responsibilities within the group, the changes will reduce complexity and save costs.
“Having to reduce the number of employees is regrettable. But as the pressure on our business units increases, Groups Functions also have to be more effective in order to strengthen the group’s overall competitiveness,” he said.
The rearrangement is due to be finalised by the end of January.