Posted on 07/24/2011 8:30:31 AM PDT by Beaten Valve
BAX Global Inc., a division of German transportation giant DB Schenker, announced Friday that it will close its U.S. air hub at Toledo Express Airport and shed its fleet of leased planes as part of what it is calling a “strategic realignment” of its North American business model.
About 700 jobs, mostly part-time, will be affected, the company said. Some employees will be given an opportunity to “redeploy to other parts of our business,” the company said.
Heiner Murmann, chief executive officer of Schenker, said in a statement: “We deeply regret that there will be some layoffs as part of this realignment. However, we are working to redeploy as many employees as possible to other parts of our business.”
The company said the phasing out of the U.S.-dedicated air fleet, which represents less than 10 percent of the company’s business in North and South America, will take place over the next several weeks, and “is in response to changing marketplace conditions and along with the renewed focus on transportation management services is aimed at positioning the company for continued growth and success.”
(Excerpt) Read more at toledoblade.com ...
:: Some employees will be given an opportunity to “redeploy to other parts of our business,” ::
Some will accept the “redeployment” and (according to Obama Stimulus) we will see these as “jobs saved”. The question to ask will be, “While saved, ^where^ did these jobs redeploy to?”
My guess is outside of the US...
Freight Forwarders bump
Recovery indeed.
Toledo is a democrat / union (formerly Jeep now Chrysler) stronghold. The city and the people there reap what they sow.
One of my first professional summer jobs during college was working for Bax in Vancouver, canada. I would be the some-time runner between Schenker and Bax with the customs declarations and the office so close to the International Airport, it would just take me 5 minutes to walk back and forth to the international terminals just for lunch. Great time but very cutthroat when it comes to competition between the freight forwarders.
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