FedEx Reveals More Restructuring Plans

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(Memphis, TN)  FedEx Express and FedEx Services today began internally announcing  more of their plans to realign staffing.

The announcements include personnel changes at the Director and officer Director level. This affects people who are taking part in the buy-out plan, not new reductions.

FedEx has previously announced it plans to improve its profitability by $1.7 billion by the end of fiscal year 2016.

Plans include:

  • Streamline major processes to reduce cost and gain efficiencies
  • Continue to provide outstanding service to customers
  • Combine similar functions to allow FedEx to operate effectively with fewer positions
  • Prioritize vital activities and eliminate or defer those less critical

According to FedEx, “As part of the changes announced internally today across FedEx Express and Services, we will reduce our total number of U.S.-based Officers and Directors by more than 10 percent.”