FedEx to cut up to 500 jobs in France, invest $91 million in domestic operations
US package delivery company FedEx announced on Friday a strategic restructuring of its French domestic operations; The move includes a capital investment of approximately 78 million euros ($91.58 million) as well as the reduction of up to 500 jobs.
The logistics giant aims to modernize its internal framework by reducing its station network from 103 to 86. This consolidation was designed to simplify the company’s distribution system and eliminate redundant infrastructure within the country.
“The French courier and express transport market is dominated by the highly competitive and cost-pressured domestic parcel sector,” the US parcel delivery firm said.
While layoffs are part of the plan, the restructuring is also expected to create more than 770 new roles across full-time and part-time operations. FedEx He said the staff was impressed. layoffs will receive preferential consideration for these newly created openings.
It is important for the company to clarify that its international air transport network will not be affected by these domestic changes. In accordance with French labor regulations, FedEx will begin a formal consultation period with employee representatives to discuss the details of the transition.
FedEx signs ink deal with GJEPC for door-to-door international shipping
Recently, FedEx announced a preliminary agreement with the Gem and Jewelery Export Promotion Council (GJEPC) to provide comprehensive international door-to-door shipping services.
The Memorandum of Understanding (MoU) states that FedEx will provide GJEPC members with shipping schedules specifically tailored to the unique requirements of the jewelry and gemstone industry, according to a statement from the company. These special offers include time-sensitive delivery options, unified customs clearance and complete package tracking.
“Indian craftsmanship is appreciated globally, and the next phase of export growth will be driven by how effectively these products move from local sellers to buyers in different markets,” said Nitin Navneet Tatiwala, FedEx vice president of marketing, customer experience and air network for the Middle East, Indian Subcontinent and Africa.
“FedEx is focused on enabling this journey by building supply chains that will help Indian businesses move faster, smarter and with certainty. This MoU reflects this long-term focus,” Tatiwala added.
To further support export capabilities, the partnership will also include educational initiatives such as webinars, seminars and targeted industry interactions.
The gems and jewelery sector is a vital pillar of the Indian economy, contributing around 7% to the GDP and representing 10 to 12% of the country’s total merchandise exports, FedEx said.
The sector provides livelihood to millions of people in the design, production and trade stages.
As international demand is expected to increase, the council is focusing on increasing the capacity of its members by providing access to reliable logistics expertise. Through this collaboration, GJEPC integrates FedEx’s network to improve market accessibility, improve delivery forecasts and ensure regulatory compliance on global trade routes.
By facilitating access to consistent international shipping, educational resources and procedural transparency, this agreement aims to enable council members to connect with global customers with greater efficiency, speed and assurance.
“This partnership with FedEx is a meaningful step towards strengthening the logistics backbone of India’s gems and jewelery exports, especially for MSMEs and new-age exporters exploring cross-border e-commerce,” said Kirit Bhansali, Chairman, GJEPC.
