Maersk Line plans to reduce its headcount by an estimated 4,000 staff members in a bid to adapt to the changing market place.
The company said it was making the move on the back of a lower outlook for the global shipping market.
Maersk said it would help “simplify the organisation”.
A spokesman said: “In light of the lower demand these initiatives will allow Maersk Line to deliver on the ambition to grow at least in line with the market to defend the market leading position.”
Maersk Line, which is also postponing investments as part of the plan, says the measures will cut its cost run-rate for annual sales, general and administration tasks by $250 million. In 2016, the impact will be $150 million, it said.
Last month Maersk said it would see an underlying profit of around $3.4billion for 2015 versus an earlier forecast of $4billion.
It is expected to report third quarter earnings later this month.
Maersk previously said it would be reducing up to 12% of its workforce in its oil unit as part of a plant to reduce costs by up to 20% this year.
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