Fedex says 10% of senior U.S. executives take cost-saving buyout

FedEx Corp. said about 10 percent of its senior U.S. executives have accepted buyouts under a program to cut spending and boost profits by $1.7 billion over three years. FedEx declined to specify how many managers will leave the Memphis, Tennessee-based shipping company through May 2014, said Glen Brandow, a spokesman. The changes are part of a new "organizational structure" at FedEx Express …

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