Ken Oaks, CEO of Whole High quality Logistics (TQL), reportedly advised workers this week they may both commit absolutely to the corporate or take a $2,000 payout to resign.
In a companywide e mail despatched Wednesday and shared on social media, Oaks mentioned the objective was to maintain staff who’re “all in” whereas encouraging these much less dedicated to maneuver on.
“We work in a demanding and fast-paced enterprise that requires each certainly one of us to be all in,” Oaks wrote within the message.
It’s unclear if the e-mail marks a brand new program or a revival of previous presents. In 2015, Oaks prolonged a one-day, $2,000 resignation deal that 53 workers accepted, in keeping with the Cincinnati Enterprise Enquirer. Former staff mentioned the same supply resurfaced in 2019.
TQL, primarily based in Cincinnati, didn’t reply to a request for remark from FreightWaves by the shut of enterprise on Thursday. The corporate, based by Oaks in 1997, is among the largest freight brokerages within the U.S., with annual gross sales topping $8 billion and greater than 9,000 workers throughout 60 places of work.
In 2023, third-party logistics supplier Steam Logistics additionally supplied workers $2,000 to give up the corporate.
The Chattanooga, Tennessee-based 3PL advised FreightWaves it has supplied the cash-for-quits program periodically for a number of years.
“It’s merely a proposal to anybody within the firm, and it’s meant to assist folks transfer on if their coronary heart is just not in it for the long run at Steam,” Steam Logistics President Steve Cox advised FreightWaves in February 2023. “It’s uncommon that anybody opts for it. However we’ve had some take us up on it this go round, probably because of the altering market circumstances.”
The submit TQL presents $2,000 resignation incentive to staff appeared first on FreightWaves.
