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Buyout Q&A, Jan.22nd Update
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<blockquote data-quote="MrFedEx" data-source="post: 1084987" data-attributes="member: 12508"><p>There is a new memo out regarding the buyout. Again, it states that you need 5 years of continuous service and those who are eligible will receive an email early in Feb. A numerical cap on some departments, locations, organization codes and job codes is in place. Part-timers are eligible.</p><p></p><p>Here's the key statement, which IMO just re-states what we already know, and that is that some groups will be "carved-out", which means no participation in the buyout. Given their previous statements, this seems consistent with no buyouts for couriers. If more employees request buyouts than are available under the applicable cap, priority will be given to those with the longest FedEx continuous service. Every highly placed management talking head I have heard parrots the line that no positions will be bought-out that require backfill hiring, and that seems targeted at couriers. A MEM VP I heard speaking back in September said definitively that NO couriers would be offered buyouts. When the Ground switchover occurs, that may no longer be the case, and could leave the door open for couriers to get an offer to leave. The whole thing is so open that concrete answers are impossible at this point.</p><p></p><p>All of this is written in intentionally vague terms. The fact that they don't have a firm date in February makes me think they are still working out the details and have left themselves an out wherever they need one.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1084987, member: 12508"] There is a new memo out regarding the buyout. Again, it states that you need 5 years of continuous service and those who are eligible will receive an email early in Feb. A numerical cap on some departments, locations, organization codes and job codes is in place. Part-timers are eligible. Here's the key statement, which IMO just re-states what we already know, and that is that some groups will be "carved-out", which means no participation in the buyout. Given their previous statements, this seems consistent with no buyouts for couriers. If more employees request buyouts than are available under the applicable cap, priority will be given to those with the longest FedEx continuous service. Every highly placed management talking head I have heard parrots the line that no positions will be bought-out that require backfill hiring, and that seems targeted at couriers. A MEM VP I heard speaking back in September said definitively that NO couriers would be offered buyouts. When the Ground switchover occurs, that may no longer be the case, and could leave the door open for couriers to get an offer to leave. The whole thing is so open that concrete answers are impossible at this point. All of this is written in intentionally vague terms. The fact that they don't have a firm date in February makes me think they are still working out the details and have left themselves an out wherever they need one. [/QUOTE]
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