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Another Company Is Giving Employees More Cash After The Tax Cuts

FedEx pledged over $3.2 billion in wage increases, bonuses and pension funding for employees, as well as upgrades to two of its hubs.

By: Lindsey Pulse

Posted at 2:56 PM, Jan 26, 2018

and last updated 2018-01-26 14:56:12-05

FedEx is following suit with other U.S. companies and giving some of its employees more money after the recent tax overhaul.

The company said Friday it's pledging $3.2 billion for wage increases, bonuses and pension funding for employees, as well as upgrades to its hubs in Indianapolis and Memphis, Tennessee.

Specifically, FedEx says it'll give over $200 million for pay bumps, $1.5 billion for pensions and another $1.5 billion for the hubs.

FedEx said these investments are coming after the Tax Cuts and Jobs Act passed, and it's not the only company doing something like this. Walmart, The Home Depot and Starbucks are a few others making similar investments.