Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

GXO Logistics To lead BT's Supply Chain Outsourcing

BT GXO Group NYSE United Kingdom
  • GXO Logistics Inc (NYSE:GXO) entered a partnership to outsource and transform part of BT Group plc's (OTC:BTGOF) supply chain across the U.K. as part of a new, long-term relationship.
  • The new partnership with GXO forms part of BT's ongoing strategy to simplify and modernize its business.
  • BT will be outsourcing its core warehouse and transport capabilities while ensuring that the Group's next-generation network build plans remain on track.
  • For BT supply chain colleagues in the warehouse, transport, and some support roles - around 300 colleagues in total - there will be a proposed transfer to GXO under a Transfer of Undertakings (Protection of Employment) or "TUPE" agreement.
  • Price Action: GXO shares closed higher by 1.08% at $84.30 on Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Squid Game season 2 episode 3 recap: the game begins and players divide
Squid Game season 2 returns and so does Seong Gi-hun, seeking revenge on the men who run the game and hopefully stopping its existence altogether.
WhatToWatch
WhatToWatch
What are macros? An exercise and nutrition scientist explains
“I’m tracking my macros.”
The Conversation
The Conversation
“This band works like a ouija board. No one’s fully in charge of how it operates, but you keep looking at the letters and seeing what they spell”: How Pearl Jam made Lightning Bolt and embraced their inner Pink Floyd
Thirty years after being blindsided by fame, Pearl Jam were still doing things on their own terms
Louder
Louder
Squid Game season 2 episode 2 recap: welcome back to the game, Player 456
Squid Game season 2 returns and so does Seong Gi-hun, seeking revenge on the men who run the game and hopefully stopping its existence altogether.
WhatToWatch
WhatToWatch
Squid Game season 2 episode 1 recap: finding the salesman
Squid Game season 2 returns and so does Seong Gi-hun, seeking revenge on the men who run the game and hopefully stopping its existence altogether.
WhatToWatch
WhatToWatch
Deadpool director reveals shocking pay cheque he received for first Ryan Reynolds film
‘Dude, you make more on an episode of “The Walking Dead”’
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play