FedEx has revealed plans for a substantial revamp of its operations within France, entailing a workforce reduction of as many as 500 employees. The company intends to significantly downsize its domestic station presence, decreasing from 103 to 86 locations. This strategic move aims to simplify its delivery network and remove overlapping facilities.
According to FedEx, the French courier and express parcel sector is characterized by intense competition and consistent cost pressures, necessitating this restructuring. The overhaul will also involve an investment of up to 78 million euros (approximately $91.58 million) dedicated to optimizing the domestic network.
Despite the contraction in domestic operations, FedEx emphasized that its international air network will remain unaffected by these changes. The overhaul intends to generate more than 770 new full-time and part-time jobs within the operations segment. Employees impacted by the job cuts will be given priority for these newly created roles.
As part of the restructuring process, FedEx will initiate a formal consultation with employee representatives, fully adhering to French labor laws. The company’s approach reflects a balancing act between reducing redundancies and fostering employment opportunities within its network modernization efforts.