Go to Space Tools at the bottom of the screen > Content tools > Labels Management.
Click Enable Labels Cage for… (the name of your space) to make app active. Enable Labels Cage for your space with Labels Cage for Confluence Server app
Go to Replace labels.
In the first box select a label which you want to change and in the second one select a destination label.
Note
Labels which you want to select must exist in the space.
To remove selected label, click a cross icon.
Click Replace. Replace one label with another with Labels Cage for Confluence Server app
Result
A new configuration is added.
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