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Posted on April 30, 2022 at 3:46pm 0 Comments 0 Likes
To save jobs, shipping giant FedEx froze 401 contributions and minimize all salaried workers' pay for 2009. Other prime executives had been reduce by 7.5% to 10%, and the rest of the salaried employees received a 5% hit. The firm made these cuts despite the very fact that it was nonetheless profitable—it was looking ahead to an anticipated downturn in transport attributable to the sluggish financial system.
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