Comment on FedEx offering employee buyouts to save up to $275M in 2020

FedEx offering employee buyouts to save up to $275M in 2020

FedEx is trimming its employee roster with buyouts to reduce costs. In a filing with the Securities & Exchange Commission late Jan. 18, FedEx Corp. announced it has begun offering eligible U.S.-based employees voluntary cash buyouts. FedEx expects costs related to the voluntary buyouts to range from $450 million to $575 million in pre-tax expenditures, according to the filing.

 

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