PUBLISHER: Freight News (www.freightnews.co.za)
Early signs that 2023 will bring about a global recession as markets across the world report sluggish activity have resulted in the first big casualty for the supply chain industry, the loss of some 600 jobs.
This has emerged after it was reported from London that the multinational logistics service provider, Flexport, has decided to cull its workforce by about 20%.
Restructuring at the company, announced to employees in a bitter-sweet circular, will result in widespread job losses in the United States, Northern Europe and Asia.