Air Transport World

FedEx Corp. (Cargo).(Brief Article)

FedEx Corp. will offer early retirement and severance programs during FY04 to certain groups of employees age 50 and older. Depending on the acceptance rate, the pre-tax charge for the programs is estimated to be in a range of $230-$290 million in the fiscal year that began June 1, of which around one-third will be in cash, FedEx said. …

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