RTR: FedEx Express unveils plan to lay off up to 6,300 employees in Europe

REUTERS reports:

– FedEx Corp’s express unit on Tuesday announced a plan to lay off between 5,500 and 6,300 employees in Europe across operational teams and back-office functions, as it nears the completion of the network integration of its TNT Express unit.

FedEx says in a Form 8-K:

– On January 19, 2021, Federal Express Corporation (“FedEx Express”), a subsidiary of FedEx Corporation (“FedEx”), announced a workforce reduction plan in Europe as it nears the completion of the network integration of ...