Postal and logistics service provider Itella will lay off 495 full-time employees and convert the contracts of an additional 180 full-time employees to fixed-term contracts. “In addition, positions will be reduced through natural attrition, voluntary arrangements and the non-renewals of fixed-term [contracts],” Itella announced on Thursday.
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Itella lays off nearly 500 workers
The announcement follows the completion of the consultative negotiations the postal giant launched with its delivery personnel in late January.