Struggling Forward Air sharpens its job axe again in bid to cut costs
Forward Air has embarked on another round of job cuts as management tries to develop ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Menzies Parcels, a subsidiary of Menzies Distribution, is being closed after 23 years, after “significant losses”, reports the BBC. The courier service, which operated 15 depots in Scotland, is set to cease trading on 29 February.
The 300 staff who handled and delivered packages across the Highlands are now facing redundancy. However, trade union Unite said it was “actively engaging” with its members affected by Menzies Parcels’ decision. InPost Group recently acquired a 30% stake in Menzies Distribution for £49.3m, with a three-year option to acquire the remaining 70% equity.
Comment on this article