January 16, 2009
Business Model for Ground Operations in New Hampshire:
Press ContactDonna De La Cruz
ddelacruz@teamster.org
202-624-8721
(Washington, DC) --The new FedEx (NYSE:FDX) business model for New Hampshire Ground operations represents the company’s latest strategy to skirt laws meant to reign in the misclassification of independent contractors and introduces new concerns for investors.
“FedEx has exposed investors to exorbitant legal and tax liabilities by misclassifying drivers as independent contractors across the country for years,” said Teamsters General President Jim Hoffa. “This new scheme to evade their responsibilities to the men and women who deliver for the company’s most profitable business segment will continue to expose investors to costly problems.”
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