By aljazeera
FedEx plans to cut up to 6,300 jobs in Europe as the United States-based parcel delivery giant completes the process of combining its own operations with those of a former Dutch rival it bought in 2016.
FedEx said in a statement on Tuesday that the cuts will take place over 18 months and include express-delivery operations and back-office employees of TNT Express across the continent.
Memphis, Tennessee-based FedEx said severance payments for between 5,500 and 6,300 layoffs will cost between $300m and $575m through 2023, but that the job cuts will save the company between $275m and $350m a year beginning in 2024.
