Trucking and logistics company Con-way Inc. will close 40 of its US service centres, bringing savings of up to US$40 million annually, Reuters reported.
A company spokesman said Con-way estimated that total job losses could total around one percent of its workforce of 20,400.
The company said that up to 75 percent of the employees at the locations affected would have the opportunity to work in a different location.
Con-way stressed that it was not exiting any markets and customers would continue to receive the same services.
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