Subscribe to RSS feedCutting down to the Swire
SWIRE Shipping will concentrate on its core Australasia-Pacific business after deciding to close its two round-the-world services and cut some 200 of its 550 liner trades staff.
HOME RUN: Swire has decided to focus on core local business.
The move follows a comprehensive review of all the company’s liner services as part of the integration of New Zealand-based Tasman Orient Line (TOL), which became a full subsidiary earlier this year.
Local services have emerged relatively unscathed, with only...
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