FedEx Hopes To Save Money With Voluntary Buyouts & Changes

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(Memphis) Today, FedEx officials are explaining how they plan to boost profitability for the corporation by $1.7 billion a year over the next four years.

The biggest increase is expected to come from the Express part of the company which is not doing as well compared to its Global, Ground and Freight units.

Voluntary employee buyouts, as well as changes made in operations at Express, will save the most money.

The changes include changing and consolidating routes, modernizing equipment used, as well as changing the jobs of some employees.

If things go as planned, there have been no talk of layoffs.

Employees have been alerted to possible changes, in an effort to allow them to make informed choices.

FedEx employees roughly 28,000 people in Memphis while employing more than 115,000 people nationwide.

The company says customers should notice no difference in service due to changes.