Flag move to hit 150 jobs

PUBLISHED : Friday, 10 November, 1995, 12:00am
UPDATED : Friday, 10 November, 1995, 12:00am

HAPAG-LLOYD says it will switch its freight ships to a flag of convenience to reduce personnel costs.


The move will affect about 150 sailors and will save the German shipping company up to two million deutschemarks (about HK$10.9 a year.