Maersk says to halt shipbuilding at Odense
Danish shipping and oil group A.P. Moller-Maersk said on Monday:
* It will discontinue shipbuilding activities at loss-making Odense Steel Shipyard.
* Company will put up for sale the Lithuanian Baltija Shipyard as it will no longer be needed after the closure of the Odense yard.
* The last newbuilding on order for the Odense yard is expected to be delivered in February 2012.
* "The first redundancies of approximately 175 employees are expected to take place from the end of August this year."
* It will discontinue shipbuilding activities at loss-making Odense Steel Shipyard.
* Company will put up for sale the Lithuanian Baltija Shipyard as it will no longer be needed after the closure of the Odense yard.
* The last newbuilding on order for the Odense yard is expected to be delivered in February 2012.
* "The first redundancies of approximately 175 employees are expected to take place from the end of August this year."