FedEx Furloughs Freight Unit Employees Due to Slowed Cargo Demand
FedEx is furloughing workers in its freight unit in various U.S. markets due to a cargo slowdown, the company said in an emailed statement, Bloomberg reported Nov. 14. The workers will continue to receive health benefits, and some will be…
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offered transfers to company areas that are still hiring. The announcement follows FedEx's move to cut cargo flights and park planes given the decline in the air-freight market, Bloomberg said. “The company will continue to evaluate the environment and bring back furloughed employees as business circumstances allow,” the statement said, though it did not mention the number of affected employees.