A massive packaging company is now closing locations in Florida, impacting 200 employees as the giant continues to trim costs.
FedEx will close four facilities in Florida this year, according to Worker Adjustment and Retraining Notification (WARN) Act notices filed last week.
The July 29 closures of two Ship Centers in Naples, one in Punta Gorda and one in Fort Myers will impact 220 employees in total, including many delivery couriers.
Affected employees will be offered options such as relocation or severance where applicable, FedEx said in an emailed statement to Supply Chain Dive.
“Each market is unique and operational decisions such as this are based on a number of factors, including volume fluctuations, customer demand, facility footprints, and more,” FedEx said.
“Decisions of this nature are never made lightly, and are the result of much thought and consideration for the needs of our business.”
FedEx has been ‘rightsizing’ its network footprint to reduce operating costs as it weathers volume declines, a transformation that has also impacted its staffing levels.
Last year, the company disclosed layoffs at Ship Centers in Colorado, Ohio, Texas, Georgia and Mississippi.
“As an initial matter and as part of responsible headcount management, we have reduced our workforce by nearly 22,000 over the last year and expect additional opportunities in the future as we move forward with our transformation,” EVP and CFO John Dietrich said in a March earnings call.
Rival UPS has also been trimming its headcount this year and is cutting sortation shifts at several facilities in its network.
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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
A massive shoe retailer now announces a new wave of layoffs to hit headquarters this summer, affecting over 700 employees.
Nike has announced its ‘second phase’ of mass layoffs, effective June 28, according to a Worker Adjustment and Retraining Notification (WARN) filing.
A total of 740 employees will be impacted in the retailer’s home state.
The layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases, the company confirmed via email.
Nike said job titles and the number of employees in each category would be provided at a later date, once the company has determined them.
Bumping rights are not available for the impacted employees, reports Retail Dive.
“Nike’s always at our best when we’re on the offense. The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger,” Nike said in a statement.
“While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”
The layoffs are tied to a cost-savings plan Nike unveiled in December, which is aimed at generating up to $2 billion in cumulative savings over three years.
Based on the company’s last annual report, the layoffs to 2% of its total workforce will impact more than 1,600 people.
Savings from the plan are set to be reinvested in driving growth, innovation and profitability.
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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
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