Dec. 19 2012 04:32 PM

    Post&Parcel--FedEx Corp is preparing to shell out $550m to $650m next year as it looks to cut “thousands” of staff to boost company profitability.

    The company said today it expected the buyout offers to be made in February 2013, with staff from FedEx Express and FedEx Services set to leave by May 2013.

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