Thursday, April 24 2014 12:24 PM EDT2014-04-24 16:24:33 GMT
Ukrainian Interior Minister Arsen Avakov says police have cleared the city hall in a southeastern city of pro-Russian protesters who had been occupying it for over a week.More >>
Ukrainian forces launched an operation Thursday to drive pro-Russia insurgents out of occupied buildings in the country's tumultuous east, prompting new threats from Russian President Vladimir Putin.More >>
Thursday, April 24 2014 12:18 PM EDT2014-04-24 16:18:46 GMT
The Alabama Attorney General's Office is confirming the arrest of an Alabama legislator on charges of felony perjury and providing false statements.Acting as Attorney General in this matter, W. Van DavisMore >>
The Alabama Attorney General's Office is confirming the arrest of an Alabama legislator on charges of felony perjury and providing false statements.More >>
Thursday, April 24 2014 12:15 PM EDT2014-04-24 16:15:06 GMT
Students in the city hit hardest by the South Korean ferry disaster returned to classes Thursday, their school campus a tragic landscape of yellow ribbons, chrysanthemums and photos of classmates and teachers who...More >>
Angry relatives of some of the more than 120 people still missing from the sinking of the ferry Sewol surrounded the fisheries minister and the coast guard chief Thursday, preventing them from leaving the area where...More >>
MEMPHIS, TN -
(WMC-TV) - Memphis-based shipping giant FedEx plans to shed thousands of jobs. FedEx President and CEO Fred Smith will hold a meeting Wednesday to give further details.
At this time, we know thousands of FedEx workers will have the option to accept a voluntary buyout.
It is an effort by the company to cut their costs and boost profit.
The buyouts were announced back in August and would primarily be at FedEx Express and FedEx divisions, starting during the first half of next year.
Those divisions employ nearly 28,000 in Tennessee, primarily in Memphis. That is out of about 115,000 in the United States.
Officials say the company has been going through some tough times due to customers shifting to slower and cheaper deliveries.
According to multiple business reports, Smith plans to boost profits by $1.7 billion over the next three years.