FedEx decision looms on Middle East job cuts

JOBS DECISION: FedEx chiefs will decide in the next few days whether company job cuts will hit the Middle East region.

FedEx is set to make a decision within days on whether to axe employees in the Middle East as part of a global redundancy plan involving 1,000 job cuts.

A spokesperson for the mailing and freighter company told Arabian Business on Tuesday that no definite decision had been made by FedEx chiefs, contrary to local reports.

Hamdi Osman, FedEx’s senior vice president for the Middle East, Subcontinent and Africa, reportedly told journalists that no job cuts would occur in this region.

“We have not been affected by the job cuts announced last week, all our jobs are still safe,” Osman reportedly said.

He was also quoted as saying the Middle East had outperformed other regions and was strong enough to withstand the global economic downturn.

But when speaking to Arabian Business, a Fed-Ex spokesperson insisted the issue remains unresolved, with a final decision expected in the coming days.

It is unclear which areas of Fed-Ex’s global operation will face cutbacks. Among its 290,000 employees worldwide, some 900 from the company’s freight operation have already been axed prior to the latest job cuts announcement.

In March, Fed-Ex announced a 75 percent drop in profit to $97m for last year’s third quarter.

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