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FedEx Outlines Broad Cost-Cutting Plans: Layoffs to come ?

FedEx Corp. announced programs targeting annual profitability improvement of $1.7 billion during the next three years.

In a keynote speech at FedEx Corp.’s 2012 Investors and Lenders Meeting, Frederick W. Smith, FedEx chairman, president and CEO, said a significant portion of the profitability improvement will come from cost reductions at FedEx Express and FedEx Services…

via Closures & Layoffs: FedEx Outlines Broad Cost-Cutting Plans – CoStar Group.

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