Fedex, the global delivery company, said Wednesday it was planning to cut "several thousand" people from its workforce via a voluntary departure program beginning early next year. Company chairman Fred Smith said at an investment conference in Memphis, Tennessee, that the cuts would come in the company's Fedex Express global express delivery service, and in the US unit, Fedex Services.
The cuts are part of a plan to boost profits by $1.7 billion by 2016, mainly through intensified cost reductions. They also come in the wake of the company's warnings that its business is being hit by the global economic slowdown. The company gave no specific number on the staff reductions, but emphasized they would be voluntary. Read more >>
Meri Meri Homemade Canning Tags & Labels Set (Google Affiliate Ad)
No comments:
Post a Comment