Pitney Bowes bows out of global e-commerce with sale of loss-making GEC
Parcel giant Pitney Bowes (PB) is making a fast exit from e-commerce. Hours before tabling its ...
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
SUPPLY CHAIN DIVE reports:
Pitney Bowes’ former e-commerce logistics unit will lay off more than 1,200 employees in the next two months as it continues to wind down its operations.
The job cuts at Pitney Bowes Global Ecommerce, now DRF Logistics under the ownership of Hilco Global, impact workers at hubs it has used across the country to sort and ship parcels. A Worker Adjustment and Retraining Notification (WARN) Act notice for the company’s closing Canal Winchester, Ohio, facility shows that package handlers, forklift operators, drivers and managers are among the people losing their jobs.
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