North Korean state media say Kim Jong Un's uncle has been executed, calling the leader's former mentor "worse than a dog."More >>
North Korea said Friday that it had executed Kim Jong Un's uncle as a traitor for trying to seize supreme power, a stunning end for the leader's former mentor, long considered the country's No. 2 official.More >>
Thursday, December 12 2013 7:20 PM EST2013-12-13 00:20:02 GMT
It's the most wonderful time of the year, right? Well, for some local families, the holidays are rough. Imagine having no money to provide gifts to your children, and nothing set aside for a special ChristmasMore >>
It's the most wonderful time of the year, right? Well, for some local families, the holidays are rough. Imagine having no money to provide gifts to your children, and nothing set aside for a special Christmas dinner.More >>
House Republicans are rallying behind a modest budget pact that promises to bring a temporary halt to budget brinkmanship in Washington and ease automatic budget cuts that would otherwise slam the Pentagon and...More >>
Battle-fatigued and suddenly bipartisan, the House voted Thursday night to ease across-the-board federal spending cuts and head off future government shutdowns, acting after Speaker John Boehner unleashed a stinging attack...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.