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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
07/31/201519:59:08UPS Buys Firm To Aid Logistics
07/31/201515:50:04UPS to Buy Coyote Logistics for $1.8 Billion
07/31/201515:30:42UPS to Buy Coyote for $1.8 Billion as Delivery Giants Turn to...
07/31/201512:14:37EU Probes FedEx, TNT Deal -- 3rd Update
07/31/201511:09:12EU Probes FedEx, TNT Deal -- 2nd Update
07/31/201510:43:00Intended Offer by FedEx for TNT Express Enters Phase II Review...
07/31/201510:39:16EU Probes FedEx, TNT Deal -- Update
07/31/201510:30:07EU Probes FedEx, TNT Deal
07/31/201510:22:46EU Opens Investigation Into FedEx's Acquisition of TNT Express
07/24/201517:10:43Current Report Filing (8-k)
07/22/201516:30:08UPS in Talks to Buy Coyote Logistics
07/22/201509:00:00FedEx to Send 150 Drivers to National Truck Driving Championships
07/21/201521:00:11FedEx to Buy as Many as 100 Boeing 767s
07/21/201520:18:26FedEx to Buy as Many as 100 Boeing 767 Freighters
07/21/201517:33:00FedEx Express Plans to Acquire 50 Additional Boeing 767-300F...
07/14/201522:20:06FedEx Loses Appeal Case Over Kansas Drivers
07/14/201520:24:11FedEx Loses Appeal in Case on Classification of Kansas Drivers
07/14/201517:26:34Annual Report (10-k)
07/14/201509:00:00FedEx Office Optimizes Commercial Print Production With Industry-Leading...
07/12/201512:06:03Why FedEx Isn't Scared of Uber

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