Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Fred, Dave, MT3 and the October Surprise
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="vantexan" data-source="post: 992510" data-attributes="member: 24302"><p>I doubt he'll be brazen enough to outright say to employees they're doing this to increase operating margins. Our senior mgr has already told us twice in the last month that the market is changing, mentioning how much we're losing document wise due to electronic signature capture, and companies are looking for the best deal so many are building multiple shipping locations to take advantage of Ground's lower costs. We know that this is B.S., that FedEx has been working to get to this point for years, but your average employee doesn't. Most likely the majority of stations aren't even aware that Fred S told Wall Street about restructuring plans that'll be announced in October. Many by now may know about, are even affected by station closings and consolidation. They probably think it's a sign of the times and feel lucky to have a job when so many don't. Bottom line is you can stand on the tracks and shake your fist at an oncoming freight train if you like, but in the end you either jump out of the way or get run over. Anyone reading this hoping that we're all wrong, that it'll turn out ok, and doesn't right now start doing everything in their power to reduce their personal debt and living expenses, is going to get run over. And sadly 10's of thousands are going to be squashed and just don't know it yet. A topped out employee who's averaging a conservative 45 hrs a week and suddenly is averaging a generous 37(could only be only 35)is going to lose at least $230 a week or more depending on payscale. More than $11k a year. I've been working 45-48 hrs for several months now. If I only get 35 hrs on my pay I'm looking at mid-$30k's a year IF I sell back 2 weeks of vacation and get my full sick day bonus. If they are nice enough to give older couriers a way out with a buyout I'm taking it if I qualify. But it looks like they'll eventually save so much money in payroll that they won't need to offer anything. Just cut our hours and watch older couriers take their early pension and leave. After all if you qualify for a pension in the mid-$20ks or better you could do a lot of different things and have your pension to supplement it. At this point I'm just hoping the full implementation of these plans take at least 2-2.5 years. I'll take my portable pension to live on until my very small pension kicks in.</p></blockquote><p></p>
[QUOTE="vantexan, post: 992510, member: 24302"] I doubt he'll be brazen enough to outright say to employees they're doing this to increase operating margins. Our senior mgr has already told us twice in the last month that the market is changing, mentioning how much we're losing document wise due to electronic signature capture, and companies are looking for the best deal so many are building multiple shipping locations to take advantage of Ground's lower costs. We know that this is B.S., that FedEx has been working to get to this point for years, but your average employee doesn't. Most likely the majority of stations aren't even aware that Fred S told Wall Street about restructuring plans that'll be announced in October. Many by now may know about, are even affected by station closings and consolidation. They probably think it's a sign of the times and feel lucky to have a job when so many don't. Bottom line is you can stand on the tracks and shake your fist at an oncoming freight train if you like, but in the end you either jump out of the way or get run over. Anyone reading this hoping that we're all wrong, that it'll turn out ok, and doesn't right now start doing everything in their power to reduce their personal debt and living expenses, is going to get run over. And sadly 10's of thousands are going to be squashed and just don't know it yet. A topped out employee who's averaging a conservative 45 hrs a week and suddenly is averaging a generous 37(could only be only 35)is going to lose at least $230 a week or more depending on payscale. More than $11k a year. I've been working 45-48 hrs for several months now. If I only get 35 hrs on my pay I'm looking at mid-$30k's a year IF I sell back 2 weeks of vacation and get my full sick day bonus. If they are nice enough to give older couriers a way out with a buyout I'm taking it if I qualify. But it looks like they'll eventually save so much money in payroll that they won't need to offer anything. Just cut our hours and watch older couriers take their early pension and leave. After all if you qualify for a pension in the mid-$20ks or better you could do a lot of different things and have your pension to supplement it. At this point I'm just hoping the full implementation of these plans take at least 2-2.5 years. I'll take my portable pension to live on until my very small pension kicks in. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Fred, Dave, MT3 and the October Surprise
Top