Press Releases

November 29, 2018

Marquard & Bahls Streamlines Hamburg Holding

Marquard & Bahls is now focusing on its core business areas of tank storage logistics, trading, and aviation fuelling after withdrawing from various smaller business areas. Furthermore, to increase efficiency, in 2018 a comprehensive program to optimize organizational structures and processes was launched.

As part of these measures, approximately 60 jobs will be cut at Marquard & Bahls AG. The affected employees were offered individual, socially acceptable and fair solutions. Around half of the staff reductions are being achieved through early retirement schemes, the non-filling of vacancies, and the non-renewal of temporary contracts.

The efficiency improvement we are striving for will strengthen the Group’s competitiveness and contribute to achieving our ambitious growth targets despite a more difficult market environment.

Marquard & Bahls AG is a Hamburg-based company that operates in the fields of energy supply, trading and logistics. Its core lines of business include tank storage logistics, trading, and aviation fuelling. Furthermore, the company is active in dry bulk handling, carbon trading, fuel analysis and energy services. Through its subsidiaries, Marquard & Bahls has a presence in 36 countries in Europe, America, Asia and Africa and employs more than 7,700 people.

Press Contact

Corporate Communication
Marquard & Bahls AG
Koreastraße 7
20457 Hamburg

+49 40 37004-0+49 40 37004-7609

Direct Contact

Jörg Walter
Head of Corporate Communication
Marquard & Bahls AG

+49 40 37004-0