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<blockquote data-quote="vantexan" data-source="post: 985566" data-attributes="member: 24302"><p>But if they specifically target older employees aren't they setting themselves up for a massive age discrimination suit? I know we hear about this older courier this, this older courier that, but it's a different ballgame to announce to the world a major restructuring and suddenly most of the employees targeted are the highest paid older couriers. No court is going to believe it's just coincidence.</p><p></p><p>Fred S, talking about raises a couple of years ago, said they'd take care of the people who've stuck with them. That was in a meeting with Wall Street I believe. What a PR debacle if everyone saw him stick it to thousands of older couriers who've been with FedEx for decades. </p><p></p><p>I may not qualify, but I think FedEx will offer some kind of financial incentive to leave for hourly employees who meet a minimum criteria. It may be the bare minimum, but then they probably figure only a small amount of couriers will leave in this economy, and the ones who do are looking for anything that'll justify their leaving. So why offer a huge amount? But remember, by taking away the traditional pension, FedEx forced everyone to help out with the cost of this buyout. So it could be something reasonable. If it's a reasonable lump sum, plus the portable pension plan amount with the traditional pension kicking in later, I'm gone if I qualify. If it's getting to take your traditional pension early I'm gone, especially if it's the full pension. If I have to wait until 55, I may stick it out on minimums until 60 for the full pension. Whatever would bug them the most for not letting me take it early. Take full advantage of the healthcare plan. Dental and vision too.</p></blockquote><p></p>
[QUOTE="vantexan, post: 985566, member: 24302"] But if they specifically target older employees aren't they setting themselves up for a massive age discrimination suit? I know we hear about this older courier this, this older courier that, but it's a different ballgame to announce to the world a major restructuring and suddenly most of the employees targeted are the highest paid older couriers. No court is going to believe it's just coincidence. Fred S, talking about raises a couple of years ago, said they'd take care of the people who've stuck with them. That was in a meeting with Wall Street I believe. What a PR debacle if everyone saw him stick it to thousands of older couriers who've been with FedEx for decades. I may not qualify, but I think FedEx will offer some kind of financial incentive to leave for hourly employees who meet a minimum criteria. It may be the bare minimum, but then they probably figure only a small amount of couriers will leave in this economy, and the ones who do are looking for anything that'll justify their leaving. So why offer a huge amount? But remember, by taking away the traditional pension, FedEx forced everyone to help out with the cost of this buyout. So it could be something reasonable. If it's a reasonable lump sum, plus the portable pension plan amount with the traditional pension kicking in later, I'm gone if I qualify. If it's getting to take your traditional pension early I'm gone, especially if it's the full pension. If I have to wait until 55, I may stick it out on minimums until 60 for the full pension. Whatever would bug them the most for not letting me take it early. Take full advantage of the healthcare plan. Dental and vision too. [/QUOTE]
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