FedEx Invests $3.2 Billion in Employee Pay Raises, Bonuses, Benefits & Jobs in Light of Tax Reform

by NEE
fedex to give employees $3.2 billion in wage increases

FedEx Investing $3.2 Billion in Bonuses, Pay Raises, Benefits & New Jobs

FedEx joins the growing list of companies who are celebrating the GOP Tax Cuts and Jobs Act by sharing the profits with employees, and investing in America.  Today, FedEx announced that it will invest over $3.2 billion in bonuses, wage increases, employee benefits, and new jobs.
 
The official announcement states that FedEx will:

  • Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance- based incentive plans for salaried personnel.
  • A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country.
  • Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.

FedEx attributes its ability to invest in its employees with the passage of President Trump’s Tax Cuts and Jobs Act, saying:
FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States.
Of course, this is part of a broader pattern.  Starbucks, for example, is giving out some $250 million in wage hikes and bonuses.  And just yesterday, Home Depot announced that it will award employees up to $1,000 in “tax reform bonuses”.  This is all good news for American workers.

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1 thought on “FedEx Invests $3.2 Billion in Employee Pay Raises, Bonuses, Benefits & Jobs in Light of Tax Reform

  1. Isn’t it obvious that Americans don’t want to hear stories like this? If they did, then it would be all over the news. The MSM has made very clear that hard working Americans would rather be inundated with false narratives about Russian collusion than hear about anything positive that has resulted from something that President Trump has initiated for the good of the economy and the citizens of the United States of America. sarc.
    In reality, it must get harder and harder every day for them to have to go out of their way to avoid reporting stories like this and search for something negative to report instead. It would make their job so much easier to just report the truth and the facts as it actually happens. You don’t even have to think about it. Just report it. Instead, they insist on making their job hard by having to figure out how they can twist the story to reflect negatively on President Trump and then have to continue the lie after that and figure out how to cover up the fact that they lied. Why make it so hard? Just go to the freezer and get the box!

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