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.

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