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Labor Dept Settles Discrimination Allegations Against FedEx

DOW JONES NEWSWIRES The U.S. Department of Labor said it reached an agreement with two FedEx Corp. (FDX) units that also work as federal contractors on allegations of hiring discrimination, concluding a compliance review that spanned seven years. To settle the charges, the shipping giant agreed to pay $3 million in back wages and interest to 21,635 applicants who were rejected for entry-level jobs at 22 FedEx Ground facilities and one FedEx SmartPost location. Additionally, FedEx agreed to extend job offerings to 1,703 of the affected applicants as positions become available. During regularly scheduled reviews, the Labor Department's Office of Federal Contract Compliance Programs said it found FedEx's hiring and selection procedures discriminated against applicants on the basis of sex, race or national origin at 23 facilities in 15 states. The affected workers included men and women, as well as African-American, Caucasian and Native American job seekers, and also applicants of Asian and Hispanic descent. FedEx Ground said the company admits no wrongdoing over its hiring practices in certain locations. "The allegations were based on computer statistical analysis rather than individual complaints or investigations," FedEx Ground said in a statement. "We agreed to pay $3 million to avoid what would have certainly been a prolonged and much more expensive resolution process." It said it will continue to review and develop its hiring practices as part of its commitment to diversity. As part of the settlement, FedEx Ground agreed to a wide range of reforms, the Labor Department said. The company agreed to correct any discriminatory hiring practices, develop and implement equal employment opportunity training, launch self-monitoring measures and engage an outside consultant for a review. Earlier Thursday, FedEx said its fiscal third-quarter earnings more than doubled from a year earlier, as record holiday package shipping buoyed its ground division despite sluggish volume in its big express unit. Shares were down 4% at $92.03. The stock is up 9% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
02/10/201609:58:00Amended Statement of Ownership (sc 13g/a)
02/05/201609:49:00TNT to Sell Airline Operations to ASL Aviation for Undisclosed...
02/03/201616:00:00FedEx to Invest $200 Million in More Than 200 Global Communities...
02/02/201601:00:00Brazil’s Conselho Administrativo de Defesa Econômica Unconditionally Ap...
01/30/201613:00:00FedEx Delivers Vince Lombardi Trophy to Bay Area Fans in Advance...
01/26/201618:34:00FedEx Authorizes New Share-Repurchase Program
01/26/201617:10:00FedEx Announces 25 Million Share Repurchase Program
01/26/201614:12:05Amended Statement of Ownership (sc 13g/a)
01/26/201605:57:0050 Percent of Teens Admit to Crossing the Street while Distracted...
01/22/201614:09:00Snowstorm Disrupting Operations for Ports, Railroads, Package...
01/12/201608:20:00XPO Logistics Trucking Subsidiaries Sued Over Driver Classification
01/12/201600:40:00XPO Logistics Subsidiaries Sued for Misclassifying Drivers
01/09/201603:02:00FedEx-TNT Express Deal Clears Hurdle In Europe
01/08/201613:00:00FedEx and TNT Express Jointly Confirm Further Extension of Acceptance...
01/08/201612:04:00EU Approves FedEx Acquisition of TNT Express -- 2nd Update
01/08/201607:23:00EU Approves FedEx Acquisition of TNT Express -- Update
01/08/201606:30:00EU Approves FedEx Acquisition of TNT Express
01/08/201606:12:00EU Approves FedEx Acquisition of TNT Express
01/08/201605:00:00European Commission Unconditionally Approves FedEx Intended Acquisition...
01/07/201615:45:42Statement of Changes in Beneficial Ownership (4)

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