Federal Express in 2013 the implementation of cost reduction plan

FedEx Corp in 2013, plans to spend 550000000 of -6.5 billion dollars, to carry out cost reduction plan. Include the reduction of staff, transformation of American domestic aviation network and reorganization of international business, in order to enhance corporate profitability.
FedEx is expected to complete the buyout employee in 2013 February. As a part of cost cuts, layoffs will improve the Memphis base of the annual profit of $1700000000, and a substantial increase in fiscal 2015 profit.
Implementation of the transformation of the United States Federal Express domestic aviation network and reorganization of international business to respond to customer changes on the economy express service.
FedEx is currently planning to improve profit plan, because the 2012 fiscal year second quarter net income fell 12%. In addition, the strong growth of electronic commerce makes the ground transportation business has been greatly improved, but the Federal Express operation income is 33% lower than in 2011.
By the end of November 30, 2012, the company in 2012 second quarter revenue of $11100000000, compared with 2011 growth of 5%; net profit fell by $497000000 in 2011 to $438000000.
MYEX min Asia International Express
2013-01-26