job cuts

TuSimple cuts 300 more US jobs, will keep China operations

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Autonomous trucking software developer TuSimple is cutting 300 more U.S. jobs — 30% of its global...

https://www.freightwaves.com/news/tusimple-cuts-300-more-us-jobs-will-keep-china-operations

Steam Logistics offering $2,000 cash for quits

Steam Logistics is offering employees $2,000 to quit the company, avoiding the costs of layoffs even as it continues hiring new workers for its U.S. network.

The Chattanooga, Tennessee-based 3PL said it has offered the cash-for-quits program periodically for several years. But it usually attracts few takers. Employees received the latest offer via email this week.

“It’s simply an offer to anyone in the company, and it’s meant to help people move on if their heart is not in it for the long term at...

https://www.freightwaves.com/news/steam-logistics-offering-2000-cash-for-quits

Amazon layoffs hit drone division

Just as Amazon Prime Air drone delivery was beginning to gather momentum, the service reportedly was hit with another key setback.

Confidential sources claiming to be familiar with the matter told CNBC that Amazon’s (NASDAQ: AMZN) drone delivery unit lost a “significant number” of employees as part of the company’s plans to cut a total of 18,000 jobs. 

The reported layoffs come less than one month after Amazon launched its first commercial drone delivery service in Lockeford, California, and...

https://www.freightwaves.com/news/amazon-layoffs-hit-drone-division

Report: Amazon’s planned job cuts swell to 17,000

In November, a report alleged that Amazon (NASDAQ: AMZN) would lay off around 10,000 employees in a round of peak-season job cuts. Now, the figure is expected to be significantly higher.

In an article published Wednesday, people said to be familiar with the cuts told The Wall Street Journal that the number of employees affected by the layoffs will ultimately be closer to 17,000. Some of the sources also suggested that the layoffs are mainly corporate office positions.

If the report is accurate,...

https://www.freightwaves.com/news/report-amazons-planned-job-cuts-swell-to-17000

24 Seafarers Face Job Cuts,Appeal To Save Their Jobs

  • Dutch seafarers face job cuts after Maersk Line announced the sale of its Dutch ships.
  • The seafarers appeal to the shareholders of A.P. Moeller – Maersk to intervene to help save their jobs.
  • In an open letter to the Maersk shareholders, they appealed for intervention with management.
  • The campaign is launched in December 2020 and supported by Nautilus International, the international trade union for seafarers.

A recent Fresh Plaza news reveals that Dutch Seafarers appeal to the Shipping Company...

https://mfame.guru/24-seafarers-face-job-cutsappeal-to-save-their-jobs/

Volvo Group reports lower 2020 sales but strong profit margins

From the depths of a pandemic-impacted second quarter, Sweden’s Volvo Group (OTC: VLVLY) finished 2020 with lower sales but a strong profit margin. New truck orders surged between the third and fourth quarters.

“We demonstrated that we have significantly improved our volume and cost flexibility, which were crucial factors behind our earnings resilience in 2020,” President and CEO Martin Lundstedt said.

Volvo revenues fell 22% — almost SEK 100 billion ($11.8 billion) — compared to a year earlier....

https://www.freightwaves.com/news/volvo-group-reports-lower-2020-sales-but-strong-profit-margins

2nd Largest US Oil Company To Unveil Job Cuts

  • Exxon Mobil Corp is ‘very close’ to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts.
  • The second-largest US oil company by market value lost nearly $1.7 billion in the first six months and analysts forecast a third-quarter $1.17 billion loss, according to IBES data.
  • The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness.
  • Exxon has exceeded a target of reducing operating expenses by $1...

https://mfame.guru/2nd-largest-us-oil-company-to-unveil-job-cuts/

Cruise Giant To Lay Off More Than 100 Crew Members

  • Carnival Corp.’s (CCL) Carnival Cruise Line said that it’s cutting more than 100 ship officers as it retires 18 ships across its brands.
  • The decision comes after the COVID-19 pandemic, because of which travelers have stayed home for 6 months, thereby shutting down the industry.
  • Nevertheless, other cruise lines have come up with a ‘strategic plan’ which could help in resuming the US Cruises.
  • The plan, submitted to the U.S. Centers for Disease Control and Prevention, includes coronavirus tests...

https://mfame.guru/cruise-giant-to-lay-off-more-than-100-crew-members/

World’s Largest Container Line To Axe Nearly 27,000 Job Positions

  • Maersk warns that positions will be axed as a result of the restructuring that will see the Safmarine brand go.
  • But new jobs are being created as a result of the need for different skill sets as processes are automated and digitalised.
  • AP Moller Maersk is preparing another round of lay-offs, part of the recently announced restructuring as the Safmarine and Damco brands are phased out.
  • More back office activities of German subsidiary Hamburg Süd are combined with those of Maersk Line.

Timing is...

https://mfame.guru/worlds-largest-container-line-to-axe-nearly-27000-job-positions/

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