---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-159578"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:46:16.442514+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FedEx announces European workforce reduction of 1,700-2,000; pre-tax cost $250M-$375M

## Summary
- Workforce reduction of 1,700-2,000 positions in Europe across back-office and commercial functions.
- Pre-tax cash charges of $250M-$375M, classified as business optimization expenses through fiscal 2026.
- Expected annualized savings of $125M-$175M beginning in fiscal 2027.
- Consultation process with social partners expected over 18 months per local regulations.
- Customers and service levels are not affected by the changes.

## SEC filing metadata
- accession: 0001193125-24-159578
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000119312524159578/0001193125-24-159578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000119312524159578/d811276d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-159578
- JSON: https://secwatch.observer/filing/0001193125-24-159578.json
- Plain text: https://secwatch.observer/filing/0001193125-24-159578.txt

## Key facts
- Restructurings & Charges
  FEDEX CORP announced a restructuring with charges of $250 million to $375 million affecting Europe (back-office and commercial functions) (between 1,700 and 2,000 employees).
  - Type: restructuring
  - Charge: $250 million to $375 million
  - Affected area: Europe (back-office and commercial functions)
  - Headcount: between 1,700 and 2,000 employees
  source text: and commercial functions. We expect the pre-tax cost of the severance benefits and legal and professional fees to be provided under and related to the plan to range from $250 million to $375 million in cash expenditures. These charges are expected to be incurred through fiscal 2026 and will be classified as business optimization expenses. We expect savings
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048911/000119312524159578/0001193125-24-159578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.