FedEx Forecast Trails Estimates; 1,700 Jobs to Be Cut

September 16, 2010: FedEx Corp., the second-largest U.S. package-shipping company, forecast earnings for the current quarter that fell short of analysts’ estimates, and said it will eliminate 1,700 jobs.

Net income for the three months ending in November will be $1.15 to $1.35 a share, the Memphis, Tennessee-based company said today in a statement. Analysts projected $1.37 a share, the average of 19 forecasts compiled by Bloomberg.

Click here to read more at Business Week.

Get Advice Join TDU Donate

Recent News

Support the AT&T Strikers

Seventeen thousand union members in the Southeast are on strike against AT&T. AT&T wants to hike their healthcare costs and is refusing to engage in good faith negotiations for a new contract. Here's how you can support them, including honoring picket lines. 

Webinar & Toolkit: Heat Safety Rights at UPS

UPS Teamsters from across the country joined our webinar on enforcing new heat safety rights at UPS. Watch the webinar below. Then check out our heat safety rights toolkit. It includes resources to inform other members and enforce our heat safety rights this summer.

View More News Posts