FedEx Corporation (NYSE:FDX), the world’s second largest package delivery company, made good on its hints earlier this year that substantial cost cuts were on the cards in the face of a global slowdown, which could pressure earnings. The company announced plans to offer voluntary buyouts to staff, in order to implement a restructuring of its U.S. operations. In June the company had cut back on capex plans on new aircraft, while it rid itself of older, fuel-guzzling planes. Fedex Freight, a division of the company, increased shipping rates by 6.9 percent with effect from July. Though the number of employees…
After Cutting Costs On Aircraft, FedEx Announces Employee Buyout Offer
HFA Staff
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