November 29, 2022

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FedEx’s freight unit to furlough workers By Reuters

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© Reuters. FILE PHOTO: FedEx air freight cargo planes parked at a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. REUTERS/Bing Guan/File Photo

(Reuters) – U.S. delivery firm FedEx Corp (NYSE:)’s freight division is enacting a furlough in some U.S. markets in response to current business conditions impacting volumes, the company said on Monday.

“The company will continue to evaluate the environment and bring back furloughed employees as business circumstances allow,” FedEx said in an emailed statement.

Some eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs, it added.

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