FedEx May Cut Jobs, Add Fewer Stores as Demand Wanes

Discussion in 'The Latest FedEx Headlines' started by cheryl, Dec 18, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx May Cut Jobs, Add Fewer Stores as Demand Wanes - Bloomberg

    FedEx Corp. stunned investors a week ago by slashing its annual profit forecast, sending the stock down the most in 21 years. Job cuts may be next at the shipper, a proxy for the U.S. economy.

    With the recession deepening, the second-largest package delivery company must trim labor costs, speed retirement of older jets and halt expansion of its FedEx Office printing shops, said Dan Ortwerth, an Edward Jones & Co. analyst.
     
  2. zeus2ez

    zeus2ez New Member

    FedEx Corp. said Thursday it has cut jobs and closed locations in its FedEx Office unit, as the company anticipates business at its copy and shipping stores will continue to wane.