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 user 2008-10-02 at 1:01:27 pm Views: 54
  • #20619,fedex-kinko%E2%80%99s-shuts-up-shop-in-australia.aspx
    FedEx Kinko’s shuts up shop in Australia

    FedEx Kinko’s is pulling out of Australia, with 11 stores across the nation set to close over the next few months, following a decision from its American parent company, FedEx Office, to scale back its global operations.

    FedEx Office is cutting 650 jobs worldwide, as the company plans to shut FedEx Kinko’s stores in the USA, Australia, the Netherlands and Mexico. Australia has arguably been the hardest hit, with approximately 200 jobs set to go in the US, and 250 Australian jobs making up the 450 jobs likely to be cut outside the US. Likewise, 17 stores in total will be closed outside the US, 11 of these in Australia.

    A formal date for these closures is yet to be set, though the company says it is aiming to have them all done by May 31st, the end of the US financial year.The company rejected the notion that the decision was made in light of this week’s stock market plunge which has signaled a global economic downturn.“It’s more related to the company’s financial performance and the priorities we’re aligning with going forward,” said Jenny Robertson, a spokesperson from FedEx Office’s headquarters in Dallas.“FedEx Office has been looking at its financial performance for a while, looking for ways to improve and set the company up for long-term success. We looked at the markets where we don’t have a large presence and found that our support costs were exceeding our revenue. So we made the difficult decision to close our centres overseas, and Australia was one of them.”

    Robertson claims the company didn’t take the decision lightly, and canvassed a variety of options before settling on a pull-out.“We looked at a lot of scenarios and realised that under our current business model it was not going to be viable without significant investments, and we’re not in a position to make significant investments right now.”

    With roughly 250 employees on its books in Australia, the company says it is hoping to find positions for some of them in other areas of the FedEx corporation.“We’ll be working closely with them to make the transition as smooth as possible,” said Robertson.

    It’s likely that most of the closures will be staggered over the coming months, as the company assesses the matter on a store-by-store basis.“We’re working with the landlords to find out when leases are up and holding negotiations with them, so we’ll have a better idea when those negotiations are finished,” said Robertson.
    FedEx Office announces 200 U.S. layoffs
    FedEx Office, a division of FedEx Corp., announced Friday it’s laying off 200 people nationwide — 100 of which are located in the company’s North Texas offices.
    Jenny Robertson, a spokesperson for FedEx Office, said the printing store operator initiated the cuts to increase the overall customer experience and increase the company’s long-term success. The impacted employees work at the company’s Galleria headquarters in Dallas and at its Plano office.Affected staff members were released Friday. Robertson said impacted employees will receive benefits for a few months, as well as severance packages.

    The reductions are part of a companywide realignment, which also includes the closing of 20 to 21 stores nationwide. At the moment, FedEx Office is evaluating every store’s profitability to determine which locations will be closed.FedEx Office has 2,000 stores worldwide. As part of its strategic realignment, FedEx also is closing 17 locations in other countries. The move will essentially eliminate all FedEx Office stores in Mexico, Australia and the Netherlands.

    Robertson stressed the closings are related specifically to FedEx Office printing stores. FedEx’s shipping and mailing operations will not be impacted by the restructuring.Based in Memphis, FedEx Corp. provides a portfolio of transportation, e-commerce and business services through several divisions, including FedEx Ground, FedEx Freight, FedEx Office (formerly Kinkos) and FedEx Global Supply Chain Services. The company employs around 30,000 in Memphis.