GXO Logistics To lead BT's Supply Chain Outsourcing

GXO Logistics Inc GXO entered a partnership to outsource and transform part of BT Group plc's 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.