FedEx sees Q1 profit drop as labour shortages disrupt services
“Constrained” labour markets took a bite out of FedEx’s first quarter profits as it recorded ...
It was inevitable, but sad, nonetheless. By the end of December, the troubled shipping company will have laid off up to 400 “white-collar” staff. Hanjin said it only needed about 300 of its 670 staff to process sales of the assets – and in the event that a company comes to buy parts of Hanjin, it is hoping that those 300 jobs will be transferred to the new owners. Voluntary retirement is not on the cards for the others, but ...
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