Trucking giant CH Robinson furloughs 7% of North American workers

[Mike]

The company employs 15,474 workers worldwide


C.H. Robinson Worldwide Inc. unveiled plans on Wednesday to furlough and reduce hours for 7 percent of its workforce as the company works to soften the impact of declining shipments due to the COVID-19 pandemic.

The Eden Prairie, Minnesota-based trucking giant said the furloughs will be 90 days in duration and take place in the U.S. and Canada. Those of the 15,474 global employees affected will have their medical insurance and other benefits covered during their absence.

"The direction of the freight market and of the broader global economy will be very difficult to predict over the next few quarters," CEO Robert Beisterfeld told investors.

Trucking giant CH Robinson furloughs 7% of North American workers

C.H. Robinson furloughing 7% of workers in U.S. and Canada to mitigate pressures caused by COVID-19.

www.foxbusiness.com

 

[Mike]

CH Robinson made a wild move at the beginning of the year by slashing the rates for their customers. It bit them in the rear in March because capacity got tight, so you know they probably lost money on loads.

7% of their workers now have 90 days to explore their options at other locations.

 

[Tall Mike]

Hate it for the workers, but I’d love to see CH and a few others go belly up.

 

[Hillbilly Canuck]

Hate it for the workers, but I’d love to see CH and a few others go belly up.

*Cough* TQL!!! *Cough*

 

[Tall Mike]

*Cough* TQL!!! *Cough*

for sure !!