ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

TNT Takeover By UPS Could Cost Up To 20,000 Jobs - Report

AMSTERDAM -(Dow Jones)- The takeover of Dutch package shipper TNT Express NV (TNTE.AE) by U.S.-based United Parcel Service Inc. (UPS) could cost up to 20,000 jobs, Dutch daily Het Financieele Dagblad reported in an interview with TNT Chief Executive Marie-Christine Lombard. On Monday, UPS, the world's largest international package shipper by revenue ahead of FedEx Corp. (FDX), said it has agreed to buy smaller rival TNT Express in an all-cash deal valuing the Dutch package shipper at EUR5.16 billion ($6.80 billion). According to the newspaper, Lombard said that while there are few concrete agreements about labor aspects, the loss of up to 20,000 jobs is possible. She added that part of the agreement is that potential lay-offs would be evenly spread between TNT and UPS. TNT has a total of 77,000 employees. TNT wasn't immediately available to comment. -By Amsterdam Bureau, Dow Jones Newswires; [email protected]

Stock News for Fedex (FDX)
DateTimeHeadline
02/23/201715:00:00FedEx Extends Relationship with Joe Gibbs Racing
02/23/201708:08:00Watch now: BizWireTV Announces Star Wars Force Friday II, Covers...
02/23/201708:00:00FedEx Extends Express Air Transportation Contract With United...
02/21/201719:13:00FedEx Launches Fifth Annual Small Business Grant Contest
02/21/201712:15:00Giant Panda Bao Bao Departs Smithsonian’s National Zoo for C...
02/17/201709:00:00FedEx Corp. Board Declares Quarterly Dividend
02/16/201710:00:00FedEx Earns No. 11 Spot on the FORTUNE World’s Most Admired C...
02/10/201715:37:30Amended Statement of Ownership (sc 13g/a)
02/09/201714:15:00Donald Trump, Meeting With Airline CEOs, Targets Air-Traffic-Control...
02/09/201712:35:37Amended Statement of Ownership (sc 13g/a)
02/09/201712:03:00Donald Trump, Meeting With Airline CEOs, Targets Air-Traffic...
02/09/201711:27:00Donald Trump, Meeting With Airline CEOs, Targets Air-Traffic...
02/07/201710:05:00FedEx Supply Chain Launches FedEx® Fulfillment
02/03/201716:28:19Initial Statement of Beneficial Ownership (3)
02/02/201715:55:05Statement of Changes in Beneficial Ownership (4)
02/01/201717:12:34Amended Statement of Ownership (sc 13g/a)
02/01/201710:00:00Space Florida Names FedEx Preferred Logistics Provider
01/28/201711:30:00FedEx Delivers Vince Lombardi Trophy to Houston In Advance of...
01/26/201716:17:12Amended Current Report Filing (8-k/a)
01/26/201712:45:03Statement of Changes in Beneficial Ownership (4)

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US