FedEx Subsidiary Proposes to Lay Off 5,500 to 6,300 People in Europe
By Dave Sebastian
FedEx Express said it has entered consultations to reduce its
European workforce as it completes the network integration of TNT,
affecting 5,500 to 6,300 people across operations and back-office
The FedEx Corp. subsidiary said it has presented its plan, which
seeks to address the overlap resulting from operating two European
networks connecting similar geographies, to European employee
representatives Tuesday. FedEx bought TNT, a Dutch package-delivery
company, in 2016.
The company said it seeks to establish a dual-hub model in
Europe, with the FedEx Roissy-Charles de Gaulle hub serving as a
primary hub and the Liege location operating as a secondary hub.
FedEx sees those two hubs, at the Paris Charles de Gaulle Airport
and Liege Airport in Belgium, as duplicate air networks.
"Moving towards a dual-hub model is a strategic advantage for
us: improving the competitiveness of our Express business,
providing us flexibility, and enhancing our growth opportunities,"
said Dave Canavan, operating chief of FedEx Express Europe.
Write to Dave Sebastian at firstname.lastname@example.org
(END) Dow Jones Newswires
January 19, 2021 09:51 ET (14:51 GMT)
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