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FedEx France announced a major transformation program to modernize its domestic operations, a plan expected to reduce…
FDXFedex Corp
FedEx France announced a major transformation program to modernize its domestic operations, a plan expected to reduce up to 500 operational positions and affect up to 800 team members. The associated pre-tax costs for severance and restructuring are estimated to range from $175 million to $275 million, which will be incurred through fiscal 2028 and classified as business optimization costs. Furthermore, the company announced key management changes, including the selection of John A. Smith as the chief executive officer of FedEx Freight following its anticipated spin-off.