World’s Largest Shipping Company Says It Will Give Employees $ 80 Million In Bonuses As It Clears To Record Record Profits This Year

0


  • Maersk said he would donate $ 1,000 each to around 80,000 employees worldwide.
  • Danish expedition The giant posted its most profitable quarter in its 117-year history last month.

Maersk, the world’s largest shipping company, said it will reward its employees with a cash bonus of $ 1,000 each, as the Copenhagen-based company looks set to post record profits.

The bonus applies to around 80,000 employees of the Danish company worldwide, bringing the total to $ 80 million, Danish newspaper Borsen and Bloomberg reported, citing an internal memo. The top 400 executives will not get the bonus.

“In a massive team effort, our colleagues around the world have gone beyond the call of duty to meet the needs of our clients,” CEO Soren Skou said in the memo, per Bloomberg. “And it has not been easy given the unknowns and disruptions we have had to face, affected supply chains, congestions and capacity shortages,” he said.

Maersk posted its most profitable quarter in its 117-year history last month, more than quadruple third-quarter operating profits to $ 5.9 billion, global shipping and chain crisis supply resulting in record container freight rates.

The shipping company expects its fourth quarter to be just as profitable, with gross profit of between $ 6 billion and $ 7 billion, as shipping rates and consumer demand have shown no signs of slowing down.

In fact, this year is such a bumper year for Maesk that the shipper was set to declare the biggest profit in the history of the Danish company, according to Sydbank A / S analyst Mikkel Emil Jensen, per Bloomberg.

Maersk also gave most employees a $ 1,000 bonus last year when it reported $ 2.9 billion in profits.


Share.

About Author

Comments are closed.