Is latest wave of layoffs at Maersk a bad omen for logistics across the globe?
A global economic slowdown, with a sharp drop in demand, could be behind AP Møller-Maersk’s decision to lay off an additional 3,500 people. The Danish company, which owns the world’s second largest fleet, tells Port Strategy that layoffs have sadly been underway, as the firm looks to “intensifying” cost-saving measures. “Our industry is facing a new normal […]
The costs of COVID, new hires eat into Tesco’s sales profits over past year
Tesco’s profits saw a sizable decline during the past year, tumbling by nearly 20% because of the massive costs of doing business during the COVID-19 pandemic, the company reported. After posting more than £1 billion in pretax profit in the previous year, it brought in just £825 million in 2020-21. Those figures and the fact […]
Making positive changes also came from the pandemic
The concept of a pandemic has been portrayed in movies, sci-fi books, medical journals and contemplated by agencies across the globe. The big picture issues are obvious: food scarcity, stress on medical supplies and services, global cooperation and competition for resources, social upheaval, loss of life, and the light at the end of the tunnel… […]
Court sides with Asda workers in equal pay dispute
Shopworkers at Asda have won the latest stage in their fight for equal pay in a ruling that could lead to a £500 million (US$688 million) compensation claim and could have big repercussions for the supermarket sector. The supreme court has backed a 2016 employment tribunal decision that the supermarket’s retail staff, who are mostly […]
