FedEx employees to receive 2% raise as health crisis continues
MEMPHIS, Tenn. (WMC) - As the coronavirus pandemic persists, FedEx employees are set to receive a 2%. The company says the raises are in effect for majority of FedEx team members.
FedEx Communication Advisor Shannon Davis Ford sent WMC a statement confirming the news:
“FedEx team members continue to go above and beyond during these unprecedented times. FedEx is funding this year’s salary budget pool at two percent. We would like to thank our team members for delivering the Purple Promise every day during these difficult and challenging times.”
The shipper also says it has not eliminated annual incentive compensation for the current fiscal year, but the company has shared that there is no plan for the executive leadership team. Plans for other team members will be made later in the year.
Memphis-based FedEx is feeling the strain on the economy presented by the virus and the company has played a critical role in shipments of coronavirus test kits and supplies around the globe.
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