FedEx & The Real Reason Why There's No Jobs: Cut Back On Worker Hours & Raise Profits

Discussion in 'The Latest FedEx Headlines' started by cheryl, Oct 11, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx & The Real Reason Why There's No Jobs: Cut Back On Worker Hours & Raise Profits - Forbes

    FedEx’s plan shows how the private sector has managed to keep earnings growing despite elevated unemployment. Focusing on FedEx Express and FedEx services, Smith and his team will create cost reductions by cutting back on worker hours and replacing equipment to achieve fuel efficiency.

    Smith is looking to create about $400 million in cost savings via staff efficiency (which should translate into the equivalent of 3% less full-time workers) and about $300 million by switching to fuel efficient planes; they will also be replacing about 5,000 vans for more efficient ones, according to Trade the News.