FedEx books 2% pay raises but expects to skip annual bonuses again

By , Daily Memphian Updated: October 22, 2019 3:05 PM CT | Published: October 22, 2019 2:49 PM CT

FedEx has given employees 2% cost of living increases but said Tuesday, Oct. 22, it doesn't expect to fund annual incentive compensation bonuses when fiscal year 2020 ends next May.

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annual incentive compensation cost of living adjustment FedEx long-term incentive
Wayne Risher

Wayne Risher

Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.


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