News / FedEx to axe 5,500 to 6,300 jobs in Europe as TNT integration closes

© Lucian Milasan

FedEx plans to cut 5,500 to 6,300 jobs in Europe as it finally integrates TNT, “the people network”, nearly six years after the €4.4bn ($5.3bn) purchase.

Yesterday the express company said: “Plans to address the duplication resulting from operating two large European networks connecting similar geographies were presented to European employee representatives and team members today.

“These proposals will regrettably have a workforce impact of between 5,500-6,300 people across operational teams and back-office functions.”

The measures taken will differ by country, said FedEx, ...