FedEx to Offer Voluntary Buyouts on Vow to Reduce Costs

FedEx Corp. will offer voluntary buyouts to some workers under a pledge for “significant” cost reductions ahead of expected slower profit growth at the operator of the world’s largest cargo airline.

A “detailed analysis” is under way to determine which employees will be eligible, and offers may not be made until FedEx’s fiscal fourth quarter starting in March, Shea Leordeanu, a spokeswoman, said in an interview today.