Subscribe to RSS feedHapag-Lloyd slashes pay
HAPAG-LLOYD has announced internally an across-the-board pay cut of at least 5% for all staff worldwide, including seafarers, with senior employees facing a 20% reduction in salary, the company has confirmed.
While most top shipping operators keep their remuneration policies under wraps, sources familiar with the maritime labour market are not aware of any other big name operator that has adopted a similar policy.
However, Hapag-Lloyd indicated last week that...
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