FedEx Corp. has announced plans to trim about 14,000 jobs from its FedEx Express cargo unit, the company announced yesterday. The company said it would offer early retirement and voluntary severance programs to about 12% of its management and salaried employees. FedEx said it expects the job reductions to produce annual operating savings of $150 million to $190 million by 2005.
FedEx Corp. has announced plans to trim about 14,000 jobs from its FedEx Express cargo unit, the company announced yesterday.
The company said it would offer early retirement and voluntary severance programs to about 12% of its management and salaried employees.
FedEx said it expects the job reductions to produce annual operating savings of $150 million to $190 million by 2005.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
This guide is designed to help you navigate these challenges, featuring strategies for automation, examples of effective tools, and a real-world success story from Phoenix Cargo...
Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...
The Guide for Managing Maintenance is a comprehensive resource designed to help fleet managers improve their maintenance operations, reduce downtime, and lower overall fleet costs...
Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...
