Memphis distributor closing, about 400 jobs affected
February 14, 2019 at 10:25 p.m.
| Updated February 14, 2019 at 10:25 p.m.
by
Associated Press
FILE- This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon is undergoing a significant restructuring under new CEO Hans Vestberg, including its dominant wireless division, as it prepares to roll out its 5G technology. Three months after Vestberg took control, Verizon said Monday, Nov. 5, that the company will be organized into four groups at the start of the year: Consumer, Business, Media, and Global Network & Technology. (AP Photo/Richard Drew, File)
MEMPHIS, Tenn. (AP) - A Memphis, Tennessee facility that distributes retail products for Verizon says it is closing.
News outlets report XPO Logistics Inc. said in a statement that it told employees Wednesday it will be closing its Verizon facility in June. A statement released by the union that represents XPO workers estimated that about 400 jobs will be lost.
The company said in a statement that the facility is closing due to a business decision by Verizon.
XPO says it plans to open a new facility in Memphis later this year that will create 80 jobs.
