March 23, 2012 in Business

FedEx Corp. settles federal hiring suit

From Wire Reports
 

WASHINGTON – The Labor Department says the ground delivery unit of FedEx Corp. will pay $3 million to settle federal charges of hiring discrimination.

The settlement with the department’s Office of Federal Contract Compliance Programs covers wages and back interest to more than 21,000 job applicants who were rejected for positions at 23 facilities in 15 states.

The agreement stems from a seven-year investigation into hiring practices at FedEx Ground Package System Inc. and FedEx SmartPost Inc.

FedEx has agreed to offer jobs to about 1,700 of the affected workers as openings become available.

The Labor Department says the allegations involved discrimination on the basis of race, sex and national origin, as well as record-keeping violations.

FedEx spokeswoman Angela Wheland said the company admits no wrongdoing and settled to avoid costly litigation.

Chinese protest risks Airbus jobs

GENEVA – The head of Airbus says up to 2,000 jobs are at risk because Chinese airlines have frozen orders for 55 jets worth $14 billion in protest at the European Union’s emissions trading plan.

The EU introduced the trading system at the start of the year. Airlines flying to or from Europe must obtain certificates for carbon dioxide emissions.

Paper clips

Kent, Wash.-based outdoor-gear retailer REI has named Urban Outfitters executive Eric Artz as its new chief financial officer. Artz has been CFO at Philadelphia-based Urban Outfitters for the past two years. … McDonald’s announced late Wednesday that longtime CEO Jim Skinner would retire at the end of June and his chief operating officer, Don Thompson, will take his place. … Samuel L. Glazer, co-owner of the company that revolutionized American mornings with the Mr. Coffee drip coffeemaker, has died at age 89. … Murray Lender, who helped turn his father’s small Connecticut bakery into a national company, has died in Florida. He was 81. Lender, perhaps best known for promoting Lender’s Bagels in TV commercials, died Wednesday.


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