FedEx will soon begin offering buyouts to U.S. employees in an effort to cut costs in the face of a weakening global economy.
The world’s second-largest package delivery company hinted at cutbacks earlier this summer when it said that slowing economic growth would crimp its earnings well into next year. It has already removed some aircraft from its fleet of more than 600 to account for a loss of demand. While FedEx hasn’t yet decided how many positions will be eliminated, it will likely focus on slow-growth areas like its Express and Services units.
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