FedEx to slash up to 500 jobs in France as part of restructuring strategy

FedEx said on ‍Friday that it planned ​to cut up to ⁠500 jobs and invest as much as 78 million euros ($91.58 million) as part ‌of ‌a major overhaul to its domestic operations in ‌the country.

The company said it would reduce its station footprint from 103 to 86 stations, simplify its ​network and eliminate overlapping ​infrastructure.

"The French courier and express ‌transportation market ‍is dominated by a ‍highly competitive and cost-pressurised domestic parcels sector," ‌the U.S. parcel delivery firm said.


The overhaul could create more than 770 new full- and part-time operations jobs, with affected employees given priority for ‍the roles, it added.

FedEx said that there were no ‍proposed ⁠changes to ⁠its international air network as part of the program and that it would launch a formal consultation process with employee representatives in line with French labour law.