Reply With QuoteAnd which companies will lay-off next? Big, medium, and small companies.
Consumer is waaaaay down because people are trying to save any dollar they can in case they get the axe.
Thanks for the FYI, Min0.
FedEx Layoffs 1,000 salaried managers and professionals
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04-03-2009, 09:37 PM #1Senior Member ELITE MEMBER
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FedEx Layoffs 1,000 salaried managers and professionals
Memphis Daily News - FedEx Layoffs Hit Memphis HQ Hard
Half of thousand jobs cut in Memphis
Print | Front Page | Email this story | Email reporter
ANDY MEEK | The Daily News
Memphis-based FedEx Corp. laid off 1,000 salaried managers and professionals across its global work force Friday, a day that a FedEx spokesman described as painful and one “we thought we could avoid.”
Five hundred of those layoffs occurred in the Memphis area, where the package and shipping giant employed about 33,000 people before the cuts. FedEx’s worldwide employee roster totals about 290,000.
“This is a very difficult day for FedEx and for our colleagues,” said FedEx spokesman Maury Lane on word of the layoffs. “We’ve done everything we could since December to try to avoid this situation.”
Back in December is when FedEx announced pay cuts of 5 percent for all of its salaried personnel in the U.S., even deeper cuts for senior executives, the scrapping of some bonuses and a freeze on 401(k) contributions. FedEx unveiled the scope of the 1,000 job cuts last month on word that the company’s fiscal third quarter earnings were lower than expected......more
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04-04-2009, 01:14 AM #2Windy City ELITE MEMBER
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Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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04-04-2009, 01:55 AM #3Senior Member ELITE MEMBER
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Thanks for replying twice, Smoothy.
"If you think you are too small to make a difference
you have never spent the night with a mosquito."
~ Dali lama
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04-04-2009, 06:03 AM #4Senior Member ELITE MEMBER
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There is a lot of fat in the middle management positions, now I can see them cutting them but not the actual delivery men who make the company.
Originally Posted by Big Smoothy
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04-04-2009, 01:18 PM #5Windy City ELITE MEMBER
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^ Yes, Min0, there will be more fat trimming at FedEx and many other places.
Apologies for the multiple posts.....computers....
Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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