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FedEx using employee buyouts to save up to $275M

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FedEx is offering employee buyouts in an effort to save up to $275 million annually starting in 2020.

The company expects the buyouts to cost $450 million to $575 million in pretax expenditures.

FedEx did not say in a Securities and Exchange Commission filing how many employees would be affected. It employs 450,000 in 220 countries and territories.

Read more from the Memphis Business Journal.

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