XPO to close Verizon-contracted warehouse in Memphis
(Reuters) - XPO Logistics Inc on Thursday said it will close a Verizon-contracted distribution center in Memphis that was the subject of a New York Times investigation into pregnancy discrimination against female workers.
"Our customer has made a business decision and as a result this facility will close in June," XPO said in a statement. XPO declined to name the customer, identified by workers and media reports as Verizon.
A representative for Verizon Communications Inc did not immediately respond to requests for comment.
XPO said the workers' allegations either predated its 2014 acquisition of the Memphis facility or were not reported to the company.
Roughly 400 workers will lose their jobs as a result of the closure.
XPO said it has "new jobs available for the majority of these employees in our 11 other facilities." It also plans to open a new Memphis facility later this year that will create about 80 new jobs.
The company will report fourth-quarter financial results after the stock market close on Thursday.
(Reporting by Lisa Baertlein in Los Angeles; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AtlasClear Holdings reports 85% revenue rise in fiscal 2026
- XPO, Inc (XPO) October 180 and 185 puts active, share price down 2.3%
- Yeti outlines growth targets and financial framework through 2030
Create E-mail Alert Related Categories
Corporate News, ReutersRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share