‘A dark legacy’: unions voice fears over global logistic firm’s spinoff
US-based XPO Logistics has boomed during the pandemic but its reorganisation is causing concern
The pandemic has been a boon to XPO Logistics, the transport giant that delivers the goods for a global companies including retailers from Asos and Walmart. It reported record revenues of $5bn (3.6bn) last quarter as it helped to ship everything from washing machines to frozen fruit around the world.
To make the most of the boom, the US-based multinational has just completed the process of dividing itself in two, with the warehouse and e-commerce arm becoming a separately listed corporation called GXO Logistics. But the road ahead does not look trouble-free. Union leaders in the UK and US are sounding the alarm, pointing to the dark legacy" of a corporate culture they fear will taint the reorganised businesses.
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