FedEx announces wage increases, bonuses amid tax reform

FedEx announced wage increases, employee bonuses and pension funding on Friday, citing the new Republican-backed tax-reform plan.

The company announced that two-thirds of $200 million in increased compensation will go to hourly employees, while the remainder will be put toward performance-based incentive plans for salaried employees.

FedEx also said $1.5 billion will be put toward the company’s pension plan and another $1.5 billion would go toward expanding the company’s hub in Indianapolis.

FOLLOW THE LINK FOR THE FULL REPORT –

http://thehill.com/policy/finance/370871-fedex-announces-wage-increases-bonuses-amid-tax-reform

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