FedEx says the idea’ll be giving wage increases, bonuses in addition to make a voluntary $1.5 billion contribution to the company’s pension plan, citing recent tax reform legislation.
The package delivery company follows others doing the same, including Home Depot, Disney, Starbucks, in addition to Walmart.
FedEx said Friday of which the idea’ll raise compensation by more than $0 million, with about two-thirds going to hourly workers by pushing up This kind of year’s annual pay increases to April 1st through the normal October date. The rest of the money will fund increases in performance-based incentive plans for salaried personnel.
The company said the idea will also invest $1.5 billion to expand its FedEx Express facility in Indianapolis over the next seven years. Later This kind of year the idea will announce plans to modernize its Memphis hub.