FedEx investing $3.2B in employee wages, bonuses, pensions, expanding US operations
by Anna Giaritelli | Jan 26, 2018, 11:26 AM
The FedEx Corporation announced Friday it will invest more than $3.2 billion in employee wage increases, bonuses, pension funding, and increase its investment in the U.S. as a result of the Republican tax reforms.
"FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States," the company said in a statement released Friday morning.
The shipping giant will spend more than $200 million more on annual pay increases that will take effect April 1, instead of the usual October date.
more
http://www.washingtonexaminer.com/fedex-investing-32b-in-employee-wages-bonuses-pensions-expanding-us-operations/article/2647190
