Another round of staff lay-offs at Flexport
Flexport is cutting staff again, according to The Information. In a memo to staff, CEO ...
TSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BAD
TSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BAD
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.
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