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Freight train drain: EGL to cut 400 jobs and consolidate all field offices.(Eagle Global Logistics Inc.)(Brief Article)(Statistical Data Included)
Houston-based Eagle Global Logistics Inc. plans to trim about 15 percent of is work force, or 400 regular full-time employees, in a continuing effort to reduce its overall costs and offset weak market conditions.
"In addition to focusing on driving revenue growth, we have targeted $30 million in annualized cost savings across the EGL system," EGL Chairman and CEO James Crane said in a May 15 statement "As part of our overall cost reduction initiatives, EGL management has acted to reduce head count."
During the first quarter of 2001, which ended May 5, the freight transport company laid off more than 450 regular full-time and contract employees, including …
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