FedEx will cut thousands of jobs - KAIT-Jonesboro, AR-News, weather, sports

FedEx will cut thousands of jobs

Posted: Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Teacher accused of sending sex videos of self to students

    Teacher accused of sending sex videos of self to students

    Tuesday, April 15 2014 10:45 PM EDT2014-04-16 02:45:51 GMT
    A Cleveland County middle school teacher turned herself in to police on Tuesday after she reportedly sent sexual videos of herself to a student.
    A Cleveland County middle school teacher turned herself in to police on Tuesday after she reportedly sent sexual videos of herself to a student.
  • 'Operation Spring Fling' nets 17 suspects

    'Operation Spring Fling' nets 17 suspects

    Wednesday, April 9 2014 1:06 PM EDT2014-04-09 17:06:57 GMT
    SIKESTON, MO (KAIT) – Officers from several Bootheel Missouri law enforcement agencies did a little spring cleaning early Wednesday morning. The Sikeston Department of Public Safety met with numerous
    Officers from several Bootheel Missouri law enforcement agencies did a little spring cleaning early Wednesday morning.

     
  • Warrant issued for arrest of Paragould OBGYN

    Warrant issued for arrest of Paragould OBGYN

    Tuesday, April 15 2014 11:57 PM EDT2014-04-16 03:57:27 GMT
    An arrest warrant was issued for a longtime Greene County doctor, accused of felony voyeurism. Dr. Paul Becton, 68, of Paragould will be charged with five counts of voyeurism.
    An arrest warrant was issued for a long time Greene County doctor, accused of felony voyeurism, a class D felony. According to Second Judicial District Prosecuting Attorney Scott Ellington, Dr. Paul Becton, 68, of Paragould will be charged with five counts of voyeurism.
MEMPHIS, TN -

(WMC-TV) - Memphis-based shipping giant FedEx plans to shed thousands of jobs.  FedEx President and CEO Fred Smith will hold a meeting Wednesday to give further details.

At this time, we know thousands of FedEx workers will have the option to accept a voluntary buyout.

It is an effort by the company to cut their costs and boost profit.

The buyouts were announced back in August and would primarily be at FedEx Express and FedEx divisions, starting during the first half of next year.

Those divisions employ nearly 28,000 in Tennessee, primarily in Memphis. That is out of about 115,000 in the United States.

Officials say the company has been going through some tough times due to customers shifting to slower and cheaper deliveries.

According to multiple business reports, Smith plans to boost profits by $1.7 billion over the next three years.

Copyright 2012 WMC-TV. All rights reserved.

RELATED ITEMS

Updated:

Dozens of companies hire at job fair MY TURN: FedEx thoughts on higher education FedEx to receive award from PETA FedEx launches contest to help small business FedEx VP donates kidney to coworker

Powered by WorldNow

472 Craighead Co. 766
Jonesboro, AR 72401
(870) 931-8888

FCC Public File
publicfile@kait8.com
(870) 336-1816
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KAIT. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.