FedEx Freight slash 900 jobs
FedEx Freight will cut around 900 jobs, the latest fallout from the downturn facing the freight sector.
FedEx Freight will cut around 900 jobs, the latest fallout from the downturn facing the freight sector.
The job reductions are on top of a series of previous cost-cutting moves at FedEx, including prior job cuts at FedEx Freight and FedEx Office. In December 2008, FedEx also announced it was cutting salaries and bonuses and suspending the company’s 401(k) match.
The latest job losses at FedEx Freight, the company’s less-than-truckload freight unit, affects a range of employees, including field office and dock workers, drivers and shop tech workers, across about 150 locations.
The 900 positions equate to about 2.6% of FedEx Freight’s estimated 35,000 employees. Some of the employees will be offered other positions within the company.
“The overall less-than-truckload industry faces unprecedented economic challenges,” FedEx spokesperson Maury Lane said. “Despite our market leadership, FedEx Freight is not immune from these conditions.”
Lane said the cuts will help FedEx Freight “better align with business levels” and won’t hurt customer service.
