FedEx says no plan to cut jobs in the Middle East
The move by FedEx to trim jobs across its global network as part of a major cost cutting programme will have no impact on its staff and operations in the Middle East, according to a senior company executive.
The move by FedEx to trim jobs across its global network as part of a major cost cutting programme will have no impact on its staff and operations in the Middle East, according to a senior company executive.
On 4 April, FedEx announced it was to lose 1,000 employees worldwide as part of a $1bn cost-reduction plan announced in March.
Although the company did not specify precisely where the job cuts were concentrated, all its jobs in the Middle East region are said to be safe.
“We have not been affected by the job cuts announced last week, all our jobs are still safe,” Hamdi Osman, FedEx senior vice-president of Middle East, Subcontinent and Africa, told Emirates Business.
He said the current and future cost cutting efforts that include job trimming would hardly be extended to the Middle East due to the region’s robust performance.
