FedEx taking “necessary actions to streamline many of our functions to reduce structural cost”

FedEx taking “necessary actions to streamline many of our functions to reduce structural cost”

FedEx Corp. has announced proposals to streamline its workforce in Europe as part of ongoing measures to reduce structural costs. The European proposals aim to reduce headcount across FedEx back-office and commercial teams by 1,700 to 2,000, subject to local law and consultation processes.

The changes in Europe will include removing positions and consolidating teams in the affected back-office and commercial functions. Certain activities performed across the region will also be consolidated to be located in select shared activity centers that are in countries that are best aligned with our needs and the existing FedEx real estate footprint.

These changes do not affect FedEx customers and the service they can expect.

“FedEx is transforming to best match changing market dynamics and meet the needs of our customers,” said Richard W. Smith, chief operating officer, International and chief executive officer, Airline, Federal Express Corp. “Alongside the work we’ve done to optimize our networks, we’re taking necessary actions to streamline many of our functions to reduce structural costs while continuing to deliver outstanding service to our customers. We do not take these decisions lightly, but they are essential to putting FedEx on the right path for the future.”

In line with European and local labor laws, the consultation process will be conducted at the country level with differing timelines across the region. Team members will be updated on any effects as the consultation process permits.

“These are difficult changes for any business, and we have in the front of our minds our affected team members and their families,” said Karen Reddington, president of FedEx Europe. “In line with our culture, we will conduct this process with the maximum support for those affected and in close consultation with our social partners.”

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