German ship classification society Germanischer Lloyd is planning to cut 380 jobs because of dwindling demand for its services.
Most affected by the cuts are jobs in GL’s maritime business. “We are adjusting our capacities to meet declining demand,” said GL’s spokesman Olaf Mager. It is understood that around 120 jobs will be affected at GL’s Hamburg headquarters.
According to Mr Mager GL’s executive board had informed employees about the measures last week and the job cuts would be implemented soon. However there will be no forced redundancies, Mr Mager confirmed.
As the number of newbuilding orders cancelled or delayed at shipyards has risen, the demand for GL’s ship classification services has gone down.
In recent years, GL has partly offset its dependency on the shipping industry by expanding its industrial services business area where its offers advisory services for the global oil, gas and the wind energy industry.
Most affected by the cuts are jobs in GL’s maritime business. “We are adjusting our capacities to meet declining demand,” said GL’s spokesman Olaf Mager. It is understood that around 120 jobs will be affected at GL’s Hamburg headquarters.
According to Mr Mager GL’s executive board had informed employees about the measures last week and the job cuts would be implemented soon. However there will be no forced redundancies, Mr Mager confirmed.
As the number of newbuilding orders cancelled or delayed at shipyards has risen, the demand for GL’s ship classification services has gone down.
In recent years, GL has partly offset its dependency on the shipping industry by expanding its industrial services business area where its offers advisory services for the global oil, gas and the wind energy industry.