Maersk, which is the largest shipping company in the world has now announced that its employees will be awarded a bonus of as much as $1000 in cash!
This year has been a super successful year for the company that it was set to report the biggest profit in Danish corporate history, according to Sydbank A/S analyst Mikkel Emil Jensen.
Why is the company giving out such a handsome reward for its employees? Read on to find out!
Maersk To Give $1000 Cash Bonus To 80000 Employees
The Copenhagen-based firm is now set to report record profits, which is the main reason for the company to give out such a huge bonus of $1000 cash to the employees.
Maersk is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation.
The company has been the largest container shipping line and vessel operator in the world from 1996 until 2021. Based in Copenhagen, Denmark, Maersk has its subsidiaries and offices across 130 countries and around 83,000 employees worldwide in 2020.
As per reports, the bonus will be given to 80,000 of the Danish company’s employees worldwide, making the total amount up to $80 million. An internal memo by the company has also confirmed this news.
However, 400 most senior employees will not be receiving this bonus by Maersk.
Maersk Reports Most Profitable Quarter In 117 Years
As per CEO Soren Skou, “In a massive team effort our colleagues across the globe have risen beyond the call of duty to respond to our customers’ needs. And this has not been easy given the unknowns and disruptions that we had to deal with, the impacted supply chains, congestions, and capacity shortages.”
Last month, the company has posted its most profitable quarter in its history of 117 years. This is more than four times its third-quarter operating profits to $5.9 billion due to the global shipping and supply chain crisis led to record container freight rates.
As per reports, the company expects its fourth quarter to earn similar profits; a gross profit between $6 billion to $7 billion. This is based on the absent signs of abatement of shipping rates and consumer demand
The company also awarded a similar bonus to most of its employees last year, when it reported a $2.9 billion in profits.
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