layoffs

Breaking: American Airlines to eliminate 30% of mid-level staff

Red, white and blue tails of American Airlines planes at terminal gates.

American Airlines said it is making plans to reduce management and support staff by 30%, a precursor to more extensive frontline cuts expected in the coming weeks as the airline tries to stop using up cash for overhead and remain solvent beyond 2020.

The moves are part of an effort to remake itself into a smaller airline for the foreseeable future with the realization that leisure and business travel will be stunted for several years. Towards that end, American plans to fly about 100 fewer...

https://s29755.pcdn.co/news/breaking-american-airlines-to-eliminate-30-of-mid-level-staff

EXCLUSIVE Market Insight: Among the Big Four, here’s how Kuehne will cut that workforce

Interpretation and strategic interaction amongst somewhat irrational decision-makers  – we have seen it all over the last few days from Kuehne, DHL, Schenker and DSV.
Define that, when it comes to game theory, and it all boils down to talent, power and “brashness”. That’s how one trusted K+N insider defined owner Klaus-Michael Kuehne’s attitude alongside “his brilliance” after a key quote from a glorious interview that did the rounds at the …

The post EXCLUSIVE Market Insight: Among the Big...

https://theloadstar.com/exclusive-market-insight-among-the-big-four-heres-how-kuehne-will-cut-that-workforce/

Samsara lays off 18% of workforce

ELD and fleet management solutions provider Samsara announced Wednesday it was laying off 300 employees, 18% of its workforce, as the company responds to the coronavirus downturn. 

“It’s now clear that COVID-19 has become the most significant economic event in the past 100 years,” CEO Sanjit Biswas said in a blog post, and “since the outbreak, we’ve had to plan for scenarios that were unimaginable just a few months ago.” 

Geographic areas impacted by the layoffs focused on Italy, Spain and Benelux...

https://s29755.pcdn.co/news/samsara-lays-off-18%-of-workforce

More layoffs for freight and related industries in Texas

Jet Specialty, a supply chain solutions provider for the oil and gas industry, announced it was laying off 75 employees in Corpus Christi, Texas.

Cardone Industries, an auto parts manufacturer also announced it has laid off 183 employees at its plant along the U.S.-Mexico border in Brownsville, Texas.

Officials with Cardone said the layoffs were part of the “dramatic, sudden and unforeseeable negative business circumstances the company is suffering due to COVID-19 pandemic,” according to its...

https://s29755.pcdn.co/news/more-layoffs-for-freight-and-related-industries-in-texas

United Airlines plans for worst, hopes for best

White regional jets parked at airport.

United Airlines’ President Scott Kirby on Friday laid out a stark future for the airline industry, saying  the carrier is preparing for a scenario in which there is no passenger revenue into next year and it will have to dismiss thousands of workers if travel doesn’t rebound from the coronavirus crisis.

In a matter of weeks, the pandemic has vaporized an industry that was seeing record growth, turning airports into ghost towns and airplanes nearly empty. United appears to be the most pessimistic...

https://www.freightwaves.com/news/united-airlines-plans-for-worst-hopes-for-best

Supply chain radar: Is bellwether Kuehne + Nagel losing its mojo?

The bearish mood in the marketplace is pretty all-pervasive when it comes to sharing views on the latest corporate restructuring being implemented by Kuehne + Nagel, with a raft of trade sources singling out senior executives as being part of structural corporate problems the Swiss behemoth faces.
It’s a fierce attack both from the inside and the outside: once the crown jewel of freight forwarding, and still a benchmark in so …

The post Supply chain radar: Is bellwether Kuehne + Nagel losing its...

https://theloadstar.com/supply-chain-radar-is-bellwether-kuhene-nagel-losing-its-mojo/

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