FedEx Express Unveils Plan to Lay Off up to 6,300 Employees in Europe

A plane of FedEx Express carrying a first batch of Pfizer/BioNTEch COVID-19 vaccine is seen at LAX Airport, in Los Angeles, Calif., on Dec. 13, 2020. Los Angeles World Airports/via Reuters

FedEx Corp’s express unit on Jan. 19 announced a plan to lay off between 5,500 and 6,300 employees in Europe, as it nears the completion of the network integration of its TNT Express unit.

Shares of the package delivery firm were up about 1 percent at $254.76 in morning trade.