A.P. Moeller-Maersk A/S's Lindoe shipyard, builder of the world's largest container ships, will cut costs and may lay off workers in an attempt to return to profit.
Workers and management will need to meet "a list of demands" to improve productivity as earnings are hurt by a weak U.S. dollar and increased competition from Asian shipbuilders, the Odense, Denmark-based yard said yesterday on its website. It didn't provide any details of the plan.
Lindoe, which has lost money for four consecutive years, said last year that two vessel orders would secure the yard's 2,500 jobs until 2010. Parent Maersk is undertaking the biggest cost reductions in its 103-year history, cutting some 3,000 jobs, or 12 per cent of the workforce, in its container line, the world's largest.
"I can't rule out that there will be job cuts," Lindoe chair Lars-Erik Brenoee said.
Workers and management will need to meet "a list of demands" to improve productivity as earnings are hurt by a weak U.S. dollar and increased competition from Asian shipbuilders, the Odense, Denmark-based yard said yesterday on its website. It didn't provide any details of the plan.
Lindoe, which has lost money for four consecutive years, said last year that two vessel orders would secure the yard's 2,500 jobs until 2010. Parent Maersk is undertaking the biggest cost reductions in its 103-year history, cutting some 3,000 jobs, or 12 per cent of the workforce, in its container line, the world's largest.
"I can't rule out that there will be job cuts," Lindoe chair Lars-Erik Brenoee said.