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FedEx 3Q earnings tumble 75%
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<blockquote data-quote="FedEx2000" data-source="post: 519820" data-attributes="member: 13621"><p>I have only been out of the courier position for about 16 months, so I am not that far removed from it. I still deal with and have many friends that are couriers, none of which feel as you do about the union etc. Would they like more pay? Of course, who doesn't. I took a 5% cut, no bonus or merit increase, and lost the 401k match just like everyone else. All this less than 2 weeks before the hourly employees got their bonus payout at the end of the year. Sure, it was already funded, but they could have easily not paid it out. Was I glad to take a pay cut? No, but I would gladly do it again if it means saving hourly employees from losing their jobs. I work just as hard everyday for less pay than before.</p><p></p><p>So what if UPS pays their drivers more per hour? Why should any company be required to pay their employees the same wages as another company? Do all managers at FedEx make as much as managers at UPS? I honestly have no idea, but if you have a better offer, take it. Or don't, it's up to you. </p><p></p><p> I enjoyed being a courier very much, but I was not so naive to think that we were the only ones that mattered. You say that looking at the big picture, FedxEx is a troubled company and hasn't done any favors for the hourlies. Well I would say that looking at the big picture means taking into account everyone, not just the hourlies. There are many difficult decisions that are made which may not make sense to many people throught the organization, but they often don't understand them and choose to criticize rather than educate themselves. (Not implying that you are one of these people) </p><p></p><p>After all, it is a businees, the whole idea is to make money. If you had founded FedEx, or another company, I doubt you (or I) would be so different. At least we don't have a CEO/COO/CFO that came in for 6 mos. ran it into the ground and got millions to sit by and watch it collapse.</p></blockquote><p></p>
[QUOTE="FedEx2000, post: 519820, member: 13621"] I have only been out of the courier position for about 16 months, so I am not that far removed from it. I still deal with and have many friends that are couriers, none of which feel as you do about the union etc. Would they like more pay? Of course, who doesn't. I took a 5% cut, no bonus or merit increase, and lost the 401k match just like everyone else. All this less than 2 weeks before the hourly employees got their bonus payout at the end of the year. Sure, it was already funded, but they could have easily not paid it out. Was I glad to take a pay cut? No, but I would gladly do it again if it means saving hourly employees from losing their jobs. I work just as hard everyday for less pay than before. So what if UPS pays their drivers more per hour? Why should any company be required to pay their employees the same wages as another company? Do all managers at FedEx make as much as managers at UPS? I honestly have no idea, but if you have a better offer, take it. Or don't, it's up to you. I enjoyed being a courier very much, but I was not so naive to think that we were the only ones that mattered. You say that looking at the big picture, FedxEx is a troubled company and hasn't done any favors for the hourlies. Well I would say that looking at the big picture means taking into account everyone, not just the hourlies. There are many difficult decisions that are made which may not make sense to many people throught the organization, but they often don't understand them and choose to criticize rather than educate themselves. (Not implying that you are one of these people) After all, it is a businees, the whole idea is to make money. If you had founded FedEx, or another company, I doubt you (or I) would be so different. At least we don't have a CEO/COO/CFO that came in for 6 mos. ran it into the ground and got millions to sit by and watch it collapse. [/QUOTE]
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