Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Buyout Info from Investors Meeting
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Rhoderunner" data-source="post: 1038230" data-attributes="member: 36954"><p>From the Commercialappeal.com.......Smith and chief financial officer Alan B. Graf Jr. said they expect several thousand well-paid, long-tenured employees, including a "substantial" number from Greater Memphis, to happily walk out the door next May 31 with generous severance packages.</p><p></p><p> The buyouts will be offered to well-paid, long-tenured employees, primarily in the express division, based in Memphis, and a support unit, FedEx Services.</p><p> "It's a reasonably small number, but because they are highly compensated staff personnel, it's a big number on the bottom line on a go-forward basis," Smith said.</p><p></p><p>The number of buyouts and impact on Memphis probably won't be known until next spring. "We don't anticipate having more details about the voluntary buyouts until the second half of fiscal 2013," FedEx Express president and CEO David J. Bronczek said.</p></blockquote><p></p>
[QUOTE="Rhoderunner, post: 1038230, member: 36954"] From the Commercialappeal.com.......Smith and chief financial officer Alan B. Graf Jr. said they expect several thousand well-paid, long-tenured employees, including a "substantial" number from Greater Memphis, to happily walk out the door next May 31 with generous severance packages. The buyouts will be offered to well-paid, long-tenured employees, primarily in the express division, based in Memphis, and a support unit, FedEx Services. "It's a reasonably small number, but because they are highly compensated staff personnel, it's a big number on the bottom line on a go-forward basis," Smith said. The number of buyouts and impact on Memphis probably won't be known until next spring. "We don't anticipate having more details about the voluntary buyouts until the second half of fiscal 2013," FedEx Express president and CEO David J. Bronczek said. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Buyout Info from Investors Meeting
Top