Neptune Orient to cut 1,000 jobs, move U.S. headquarters

(SAN FRANCISCO) — Neptune Orient Lines plans to cut 1,000 jobs and move its Americas headquarters, the San Francisco Chronicle newspaper’s Bottom Line business blog reported. The job cuts include 350 at American President Lines, which is U.S.-based. NOL wants to move its Americas regional headquarters to a place that is cheaper than Oakland.
Click here to view the Chronicle’s report and an internal NOL letter to employees.
By Professional Mariner Staff