FEDEX CORP (FDX): restructuring charge — FedEx France restructuring: up to 500 job cuts, $175M-$275M costs; names new COO for US/Canada

FEDEX CORP

FedEx France proposes reducing stations from 103 to 86; up to 500 operational positions cut, 800 affected.
Pre-tax costs estimated at $175M-$275M (cash) through fiscal 2028; €78M investment in new infrastructure and scanning tech.
Scott L. Ray appointed COO US & Canada - Elect (Feb 1, 2026), full COO (June 1); John A. Smith to lead FedEx Freight post spin-off.
Restructuring subject to consultation with French social partners; no changes to CDG international hub.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

FEDEX CORP announced a restructuring with charges of $175 million to $275 million affecting FedEx Express FR (FedEx France) domestic operations in France (up to 500 operational positions).

Type: restructuring
Charge: $175 million to $275 million
Affected area: FedEx Express FR (FedEx France) domestic operations in France
Headcount: up to 500 operational positions

Exact text from the filing

We expect the pre-tax costs of severance benefits, legal and professional fees, and facilities lease termination charges to be provided under and related to the transformation program to range from $175 million to $275 million

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

FEDEX CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-007986

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