FedEx Office Layoffs
-- Graphic Arts Online, 9/28/2008 8:53:00 PM
September 29, 2008 (FinancialWire) -- FedEx Office, a division of FedEx Corp. (NYSE: FDX), will lay off up to 200 people nationwide as part of a companywide realignment plan, which includes closing 20 to 21 stores nationwide.FedEx Office said that it initiated the cuts to increase the overall customer experience and increase the company’s long-term success. The impacted employees work at the company’s Galleria headquarters in Dallas and at its Plano office.
The company said that affected staff members were released Friday and the impacted employees will receive benefits for a few months, as well as severance packages.
FedEx Office has 2,000 stores worldwide. As part of its strategic realignment, FedEx also is closing 17 locations in other countries. The move will essentially eliminate all FedEx Office stores in Mexico, Australia and the Netherlands.
FedEx’s shipping and mailing operations will not be impacted by the restructuring.
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