FedEx to Offer Voluntary Buyouts to U.S. Employees to Reduce Costs

“(Reuters) – FedEx Corp said it will offer voluntary buyout incentives to certain U.S.-based employees to reduce costs as slow economic growth hurts shipping volumes and customers demand cheaper delivery options.

FedEx, which competes with United Parcel Service , said it expects the vast majority of those eligible for these incentives to be staff employees at its units FedEx Express and FedEx Services. The incentives will be offered to mostly non-operational staff groups.”

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