FedEx logo on a skyscraper facade reflecting clouds. Editorial 3D rendering

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 ...

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