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A.P. MOLLER GROUP FREEZES STAFF SALARIES, RECRUITMENT

A.P. MOLLER GROUP FREEZES STAFF SALARIES, RECRUITMENT

   Denmark’s A.P. Moller group, the parent company of Maersk Sealand, Safmarine and A.P.M. Terminals, has announced to its staff a pay and recruitment freeze.

   A spokesman for the group said that the move was made because of the current adverse conditions faced by the group’s shipping activities.