January 18, 2019 / 9:56 PM / 6 months ago

FedEx to take up to $575 mln charge as it offers voluntary buyouts

Jan 18 (Reuters) - FedEx Corp said on Friday it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs.

The company expects to incur charges of between $450 million and $575 million related to the program. (Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel)

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