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13 WTHR Indianapolis | Indianapolis Local News & Weather

FedEx says employees at Memphis hub will make $15/hour with new "Pay Premium Program"

Those at the Indianapolis hub are also part of the program.
Credit: WATN

MEMPHIS, Tenn. — UPDATE 8/21/2020 - FedEx announced a new "Pay Premium Program," and says employees at the Memphis hub will now make $15 per hour.

The company says the program is also being implemented at the company's Indianapolis hub.

The following statement was released by FedEx:

“We are taking steps to help ensure we continue to deliver for our customers and recruit and retain high-quality employees to make our operation successful, including a Pay Premium Program at our Indianapolis and Memphis hubs. This pay premium program is designed to boost recruiting competitiveness and bolster retention as we head into our Peak season. 

With this premium and the October pay increase, employees at the Memphis Hub will earn $15/hour for hours worked, which is just one element of our comprehensive, industry-competitive range of benefits for part-time and full-time employees. These benefits include medical, dental, vision, 401(k), and tuition reimbursement. At FedEx Express, a team member at our major hubs can earn a college degree through the Learning inspired by FedEx (LiFE) program.”

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8/11/2020 - Memphis-based FedEx says most employees are set to get a 2% raise this year amid the COVID-19 pandemic.

FedEx says it workers continue to go “above and beyond” as the shipping giant deals with changes due to the coronavirus.

The following is the full statement from FedEx: "FedEx team members continue to go above and beyond during these unprecedented times. FedEx is funding this year's salary budget pool at two percent. The pay raises are in effect for the vast majority of FedEx team members, except where other agreements are in place. We would like to thank our team members for delivering the Purple Promise every day during these difficult and challenging times."

MEMPHIS, Tenn., June 30, 2020 ... FedEx Corp. today reported the following consolidated results for the fourth quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2020 Fiscal 2019 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $17.4 billion $17.4 billion $17.8 billion $17.8 ...