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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ FedEx starts offering buyouts, saying costs between $ 450 million to $ 575 million

FedEx starts offering buyouts, saying costs between $ 450 million to $ 575 million



FedEx Corp.

FDX, + 2.10%

began offering buyer to US employees on Friday and said in an archive it expects the program to cost between $ 450 million and $ 575 million before tax. Actual costs depend on acceptance, and most expenses are expected to incur in the fourth quarter of fiscal policy 2019, the company said. The savings were seen between $ 225 million and $ 275 million a year starting in fiscal 2020, FedEx said. The purchases are part of a restructuring plan announced by FedEx in December along with its fiscal quarterly results. This plan also included reductions on FedEx Express & # 39; international networking capabilities and limited hiring. FedEx shares rose 0.6% in the extended session Friday after closing the normal trading day by 2.1

%.

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