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<blockquote data-quote="MrFedEx" data-source="post: 1036641" data-attributes="member: 12508"><p>Sort of. FedEx has been wasting money for years, primarily due to poor upper management decisions, <strong>not</strong> high-living hourly workers. Once again,I point to their decision to double-down on the DC10 family of aircraft. They were still buying as many as they could get their hands on 7 years ago, and converting them from PAX to cargo, and then to MD10 configuration. Very expensive, and now those planes will be scrapped as soon as replacments arrive. A very bad series of choices. The Kinko's purchase and subsequent re-branding was a bad idea that has just gotten worse over time. </p><p></p><p>In the meantime, hourly workers continued to be expected to do more, while having more takeaways and expenses thrust upon them. Our insurance premiums and deductibles are very high, and going up $36 per mo if you have the Premier Plan. Oh, and the already high deductibles get higher. The traditional pension plan, profit sharing, jumpseat, shift premiums and decent wage increases have all gone away. Stagnant wages, less benefits, and it still takes forever to top out in terms of wages. And now...a defacto wage <strong>cut </strong>through hours reductions and/or 6 hour split shifts. Watch for the 35 hour guarantee for full-timers to disappear next.</p><p></p><p>All the while, the upper echelon has been rewarding itself with much higher compensation packages and perks. It has become crystal clear to most of us that hourlies simply do not matter. We are the cannon fodder that gets tossed out there to be chewed-up and spit-out, and we are totally expendable. Produce...or else. </p><p></p><p>FedEx is totally OK with what is happening because it simply translates to more profit, which is all that really matters. Personally, I don't think their cost-cutting measures will be completely effective because the company is still incompetently managed, and it is catching-up with them.</p><p></p><p>We'll see.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1036641, member: 12508"] Sort of. FedEx has been wasting money for years, primarily due to poor upper management decisions, [B]not[/B] high-living hourly workers. Once again,I point to their decision to double-down on the DC10 family of aircraft. They were still buying as many as they could get their hands on 7 years ago, and converting them from PAX to cargo, and then to MD10 configuration. Very expensive, and now those planes will be scrapped as soon as replacments arrive. A very bad series of choices. The Kinko's purchase and subsequent re-branding was a bad idea that has just gotten worse over time. In the meantime, hourly workers continued to be expected to do more, while having more takeaways and expenses thrust upon them. Our insurance premiums and deductibles are very high, and going up $36 per mo if you have the Premier Plan. Oh, and the already high deductibles get higher. The traditional pension plan, profit sharing, jumpseat, shift premiums and decent wage increases have all gone away. Stagnant wages, less benefits, and it still takes forever to top out in terms of wages. And now...a defacto wage [B]cut [/B]through hours reductions and/or 6 hour split shifts. Watch for the 35 hour guarantee for full-timers to disappear next. All the while, the upper echelon has been rewarding itself with much higher compensation packages and perks. It has become crystal clear to most of us that hourlies simply do not matter. We are the cannon fodder that gets tossed out there to be chewed-up and spit-out, and we are totally expendable. Produce...or else. FedEx is totally OK with what is happening because it simply translates to more profit, which is all that really matters. Personally, I don't think their cost-cutting measures will be completely effective because the company is still incompetently managed, and it is catching-up with them. We'll see. [/QUOTE]
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