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Maersk Line closing China center, cutting 700 jobs

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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Maersk Line today confirmed it will close one of its two global service centers in China in response to slowing ocean container traffic across its network.

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The Guangzhou center, which handles logistics and customer service for Maersk Line, will be closed by mid-2009 with the loss of around 700 jobs.

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China is one of Maersk’s biggest markets but trade on the Asia-Europe route, which grew 20 percent in 2007, declined 3 percent in the third quarter of 2008 from a year ago, prompting the carrier to slash cargo capacity by around 10 percent.

http://www.joc.com/articles/news.asp?secti...n&sid=46984

Man is made by his belief. As he believes, so he is.

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Ban Hammer Grand Master

Ban Hammer   13,347

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NOOOOOOOO! I NEED THE PLAYSTATION 3!

2233410024_25cea321be.jpg

just dry it out for a while. :whistle:

* ~ * Charles * ~ *
 

I carry a gun because a cop is too heavy.

 

USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

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Heracles Grand Master

Heracles   417

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Looks like we have finally stopped buying #######.

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

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