Over 3 million people now have benefited.
Via Free Beacon:
FedEx Corporation has announced that they are investing $3.2 billion in bonuses, wage increases, and benefits due to the passage of the Tax Cuts and Jobs Act.
The company said that since the tax reform package was signed into law, they are instituting three new programs because they believe the reform will increase investment and GDP in the United States.
FedEx plans to invest $200 million for higher compensation for its workers. About two-thirds will go to pay increases for hourly workers and the remainder of the $200 million will go to incentive pay for salaried workers.
FedEx also plans to invest $1.5 billion for its pension plan to help make sure it stays one of the best retirement programs in the country.