Published 1 year ago

FedEx's freight unit to furlough workers

Summary by Ground News

FedEx's freight unit is putting workers on furlough in some U.S. markets. The move comes after FedEx said last week it's cutting cargo flights and parking planes. Many companies in third-quarter earnings cited a slowdown of demand as the Federal Reserve continues to boost interest rates.

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Reuters

FedEx's freight unit to furlough workers

FedEx Corp's freight division is furloughing employees in some U.S. markets as current business conditions are hurting its volumes, the package-delivery company said on Monday.

1 year ago·United Kingdom

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WTVB

FedEx’s freight unit to furlough workers

(Reuters) - U.S. delivery firm FedEx Corp's freight division is enacting a furlough in some U.S. markets in response to current business conditions impacting volumes, the company said on Monday."The company will continue to evaluate the environment and bring back furloughed employees as business circumstances allow," FedEx said in an emailed statement.Some eligible employees will be offered permanent transfer opportunities to other markets t…

1 year ago

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The Daily Memphian

FedEx Freight to furlough workers

FedEx says some eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs. Related story:  FedEx begins reducing flight frequencies following poor quarter

1 year ago

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