“Over the course of the last year, Agility has been aggressively managing cash, cost and capital,' an e-mailed statement said, according to a report by Emirates Business 24-7. 'Agility always strives to align resources to business needs and examine opportunities to make the business more flexible, efficient and competitive. Optimization measures such as these are part of our ongoing core business activities and help position the company for sustainable long-term success.'
Over the weekend, news outlets in the Middle East reported Agility was shedding jobs and could shed more. The company is not only navigating a global downturn in demand for logistics services, it is embroiled in a fraud case with the U.S. government that could impact its ability to land future defense logistics contracts.
