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The Competition
FedEx Discussions
Classic Upper Management Fail
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<blockquote data-quote="vantexan" data-source="post: 1005354" data-attributes="member: 24302"><p>Boy are you in for a shock. Fred S said recently in a meeting with Wall Street analysts that a comprehensive restructuring plan for the Express division will be announced at the Investor Relations meeting in October. The writing has been on the wall for years now, or have you not noticed the consolidation of stations and the build-up of Ground infrastructure? We will soon see a smaller Express with FT employees getting less than 40 hrs. Forget about overtime. Don't know how long you've been with FedEx but if you were expecting many more years of topped out pay with good overtime, you will be very disappointed.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1005354, member: 24302"] Boy are you in for a shock. Fred S said recently in a meeting with Wall Street analysts that a comprehensive restructuring plan for the Express division will be announced at the Investor Relations meeting in October. The writing has been on the wall for years now, or have you not noticed the consolidation of stations and the build-up of Ground infrastructure? We will soon see a smaller Express with FT employees getting less than 40 hrs. Forget about overtime. Don't know how long you've been with FedEx but if you were expecting many more years of topped out pay with good overtime, you will be very disappointed. [/QUOTE]
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