Staff Report
Published Aug. 14, 2012

Memphis, Tenn.-based FedEx Corp. said it plans to offer voluntary buyouts to some of its employees in the United States.

FedEx Corp. announced plans to offer voluntary buyouts to some of its employees in the United States. The shipper has about 1,700 employees in S.C. (Photo/FedEx)

The shipper, which has about 1,700 employees in South Carolina, said most of the workers eligible for the buyout are assigned to FedEx Express and FedEx Services.

“Analysis is under way to determine which workgroups will be eligible for these incentives, as well as permitted participation levels by functional area,” the company said in a statement.

There will be no changes to retirement eligibility or payments, the company said. However, employees who are eligible for the buyouts and also eligible to retire may accept the buyout and retire.

Although details will be announced no later than the fourth quarter of fiscal year 2013, FedEx said it is making the announcement now to help employees in their planning.

FedEx said it will release additional information about these measures and future plans at its investors and lenders meeting Oct. 9-10.

FedEx, which had sales of $42.7 billion in 2011, has 300,000 employees worldwide.

Previous coverage

FedEx to invest in new Midlands facility
FedEx projects 10% increase in holiday shipments
FedEx Ground to locate facility in York County