Tax reform windfall: These companies are hiking pay, delivering bonuses

(FOX News) -- FedEx on Friday said it would raise pay for its employees due to the recently-enacted GOP tax plan, joining several other major corporations in rewarding workers.

The company announced a $200 million investment to increase employee pay, with roughly two-thirds of the money earmarked for FedEx's hourly workers. Hourly employees will also receive their annual pay raise six months earlier than expected.

In addition, FedEx said it would enact performance-based incentive plans for salaried workers and donate $1.5 billion toward its employee pension plan.

The $1.5 trillion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally.

Read more about this at FOXNews.com.
 

Up Next:


  • Popular

  • Recent

Stories You May Be Interested In – includes Advertiser Stories