FedEx sees pretax cost of voluntary buyout program $550M-$650M FedEx disclosing in an SEC filing that on February 15, FedEx offered voluntary cash buyouts to eligible U.S.-based employees. The offer period will expire in 4Q13. Costs of the benefits provided under the voluntary program will be recognized in the period that eligible employees accept their offers, predominantly in 4Q13. The company expects the pretax cost of the voluntary program to range from approximately $550M to $650M in pretax cash expenditures, but actual costs will depend on employee acceptance rates. Employees in the first phase will vacate their positions on May 31, and the company expects for all eligible and accepting employees to vacate their positions by the end of FY14. In addition, a limited number of officers and managing directors have accepted voluntary buyouts to adjust our leadership team to our new organizational structure. The cost of these buyouts is included in the range referred to above and will be recognized in 3Q13 when the offers were accepted.