As part of its ongoing measures to reduce structural costs, FedEx has proposed making workforce reductions in Europe with an aim to reduce headcount by 1,700 to 2,000.
FedEx will make the changes by removing positions and consolidating teams in back-office and commercial areas, as well as consolidating activities performed across the region in select shared activity centers that are in countries best aligned with the company’s needs.
“FedEx is transforming to best match changing market dynamics and meet the needs of our customers,” explained Richard W Smith, chief operating officer, international and chief executive officer, airline, FedEx 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.”