FedEx books 2% pay raises but expects to skip annual bonuses again
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.
There are 3 article(s) tagged annual incentive compensation:
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.
FedEx said it cut out annual bonuses because of changing economic circumstances, but some employees complained the company was taking away a benefit they'd previously been led to expect.
FedEx told employees in the wake of a disappointing earnings report Tuesday that the company expects to scrap annual incentive compensation bonuses this year.
About 3 results