FedEx to cut up to 500 jobs in France; restructures operations

Jan 23 (Reuters) – 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. 

($1 = 0.8517 euros)

(Reporting ‌by Nathan Gomes in Bengaluru; Editing by Nivedita Bhattacharjee)