Con-way’s new owner cuts Portland jobs


Firm that bought the freight company confirms it has laid off 101.

Share this article!

BY JACOB PALMER | DIGITAL NEWS EDITOR

XPO Logistics, which bought Con-way, confirmed it has laid off 101 in Portland.

The latter’s name has also been “retired,” according to a report by the Oregonian.

“When we announced our agreement to purchase Con-way, we said that we would eliminate some positions. … We’ve provided those individuals with transition support, including outplacement services,” said Bradley Jacobs, chief executive of XPO Logistics, in an emailed statement. “Driver jobs are not affected.”

The layoffs hit all departments, Frantz said, but the majority were in human resources, finance, accounting and information technology.

“The processes of eliminating duplicative positions, restructuring combined functions and evaluating performance are part of the synergy of putting two similar companies together,” Jacobs said. “We’re fully committed to Portland. Our campus here houses some of our most important resources for technology, accounting, human resources and other vital functions. The Portland team will now serve the entire XPO global organization and help support our more than 50,000 customers.”

(SOURCE: OregonLive.com)

The Connecticut-based company acquired Con-way for $3 billion.

RELATED NEWS: Con-way, owner of 17.5 Portland acres, sold for $3B;  Change coming to NW PortlandApartment boom

 


Published in Categories News