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FedEx to cut 5,500 to 6,300 jobs in Europe

Christian Fernsby |
FedEx Express, a subsidiary of FedEx Corp., yesterday in a filing announced proposals to resize its European workforce as it nears the completion of the network integration of TNT.

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Topics: FEDEX   

"These proposals are part of a wider, multi-year growth strategy that enables the European Express business to confidently build on the momentum created in recent years.

"FedEx acquired TNT in 2016 as part of its European expansion plans, connecting the world’s largest air express network with an unparalleled European road network and global suite of services.

"Since the acquisition, successful integration has taken place across IT systems and key parts of the air, road and ground networks, and investments have been made in technology and infrastructure.

"Plans to address the duplication resulting from operating two large European networks connecting similar geographies were presented to European employee representatives and team members today.

"These proposals will regrettably have a workforce impact of between 5500 - 6300 people across operational teams and back-office functions.

"In the course of these consultations, the full range of support measures for affected team members will be discussed with works council representatives from across the region.

"These measures differ by country and may include voluntary redundancy, reassignment to other roles and priority access to open positions. The consultation process will take place over an eighteen-month period in line with local country processes and regulations."


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