The FINANCIAL - FedEx Corp. Will Offer Voluntary Buyouts to Eligible Staff Employees

FedEx Corp. Will Offer Voluntary Buyouts to Eligible Staff Employees

15/08/2012 02:26 (282 Day 23:09 minutes ago)

The FINANCIAL -- FedEx Corporation announced that it will offer voluntary buyout incentives to certain U.S.-based employees in mostly non-operational staff groups as part of a broader plan to improve efficiencies and reduce costs.

Twitter Facebook MySpace

Delicous Stumble Digg

More Destinations...

As FedEx Corporation reported, it is anticipated that the vast majority of employees eligible for these incentives will be staff employees at FedEx Express and FedEx Services. FedEx is making this announcement now to assist team members in their planning.

Analysis is underway to determine which workgroups will be eligible for these incentives, as well as permitted participation levels by functional area. These incentives will not include any changes to retirement eligibility or payments. However, employees who are eligible for this program and are also eligible to retire may elect to accept the buyout and also retire. Details will be announced no later than the fourth quarter of fiscal year 2013.

FedEx will release additional information about these measures and future plans at its Investors and Lenders Meeting in Memphis on October 9 and 10.

Make Your Comment

Add New

RSS

Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.

TRAVEL BIZ »
Sales and Marketing of Tbilisi Marriott Hotels Declared Successful Marriott Institute of Hospitality Education Makes Debut in China First Aviation Day Central America Emphasizes Contributions of Aviation

PRESS RELEASES »
Association launched to fight illicit trade in excisable goods USAID Releases its First Water and Development Strategy Announcment of Darren Keane, CEO of Storm International

FINANCIAL »
Tablets coming to dominate mobile commerce 4,000 Women in Latin America Join Nike She Runs Solar storms threaten the US

UKRAINE »
Ukraine reduced sunflower oil production by 5.8% - State Statistics Service In I quarter of 2013 Russia reduced wheat exports in 7.5 times Belarus plans to complete the planting campaign in time

GEORGIA »
The port Poti to open the new grain terminal Zara Store Opened in the Heart of Tbilisi Large Taxpayers in Georgia Numbered 64,621 in 2012, According to the Revenue Service

WORLD »
Dominican Republic: Improved Investment Climate, Infrastructure and Skills Top National Action Plan World Bank Announces US$1 Billion Pledge to Africa’s Great Lakes Region EBRD extends €2 million financing to Mobiasbanca

BANKS »
Wells Fargo donates $100,000 for Oklahoma tornado victims Wells Fargo Helps Nearly 93,000 Customers through National Mortgage Settlement Programs More than Half of Millennials Say Debt is Their “Biggest Financial Concern"

BUSINESS »
Allianz experts: Technology and consumers are main drivers behind changing mobility habits Zurich delivers strong results for the first quarter 2013 A.M. Best Revises Outlook to Stable and Affirms Ratings of American Family Insurance Group Members

TECH »
Co-creation is Driving Innovation, Collaboration and Customers into Dealerships Consumers are willing to pay for better technology in public transport 24 percent of online teens use Twitter, up from 16 percent in 2011

MARKETS »
6.7 million people or 38% of the adult Australian population invested in the Australian share market Moscow Exchange starts trading the first ever russian mortgage certificates On sale, but unsafe: EU risklist reports thousands of dodgy products

B SCHOOLS »
New reports provide valuable insight into Japanese and Russian English markets Students aim to turn science to dollars School team wins Blind bit of Difference competition

SPECIAL REPORTS »
NYSE to Suspend Trading in the Preferred Stock of Mexico Equity & Income Fund, Inc. Report of the Special Rapporteur on extrajudicial, summary or arbitrary detention

Username:
Password: