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Reporter: Syamsul Ashar
| Editor: Syamsul Azhar
CORPORATE ACTION - JAKARTA - FedEx (FDX.N) is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight demand.
The cuts will be spread over 18 months and would result in a pre-tax cost of $250 million to $375 million related to legal fees and severance benefits, FedEx said.
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