FedEX: 1,700 to 2,000 layoffs in Europe

(CercleFinance.com) - FedEx announced on Wednesday that it plans to cut between 1,700 and 2,000 jobs in Europe as part of its ongoing cost-cutting measures.


In a financial notice, the American courier group states that these job cuts will take place over the next 18 months in its back-office and sales departments.

The parcel carrier says it expects to record pre-tax costs of between $250m and $375m under these measures, aiming to achieve savings of $125m to $175m on an annualized basis from its 2026/2027 financial year onwards.


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