US EditionFedEx to cut up to 500 jobs in France; restructures operations
FedEx will invest €78 million to upgrade facilities and technology while cutting 500 jobs and creating over 770 new digital roles in France's competitive parcels market.
- On Friday, FedEx Corporation announced plans to cut up to 500 jobs and invest up to 78 million euros in France.
- FedEx said the overhaul aims to modernise domestic operations to secure competitiveness in France amid fierce competition and cost pressures, redesigning the ground network and aligning commercial strategy to boost growth.
- The company will roll out an advanced digital platform and modernise scanning to optimise pickup, delivery and routes, while roles or schedules for up to 800 team members could be altered.
- Shares fell after the announcement, and FedEx launched formal consultations with employee representatives and social partners under French labour law.
- The company expects enhancements to improve employee experience and customer service performance and create more than 770 new full- and part-time positions, prioritizing affected employees.
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FedEx to cut up to 500 jobs in France, invest $91 million in domestic operations
FedEx is restructuring its French operations, cutting up to 500 jobs while investing 78 million euros to streamline its distribution network from 103 to 86 stations. The company will create over 770 new roles and consult with employee representatives during this transition.
Times of India
The Economic TimesFedEx to slash up to 500 jobs in France as part of restructuring strategy
FedEx is set to restructure its French operations. The company plans to cut up to 500 jobs and invest significantly to streamline its network. This overhaul aims to improve efficiency in the competitive French parcel market. Affected employees will be given priority for over 770 new roles created. International operations remain unchanged. A formal consultation process will begin.
FedEx plans to cut up to 500 jobs in a major reorganization of its network in France, the American delivery company announced Friday in a statement.
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