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From the Chairman...
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<blockquote data-quote="Ricochet1a" data-source="post: 866844" data-attributes="member: 22880"><p>I know he made the same argument during an annual shareholder's meeting a few years ago, but I think this is the first time where FedEx has issued literature intended for the consumption of the wage workforce that explicitly states that People are no longer First, but merely part of a system, where the priorities can and will change at his whim. </p><p></p><p>The word play between "policy" and "philosophy" occurred around the same time. Of course no corporation is going to have a "Lay OFF philosophy", so why a No Lay Off <em>philosophy</em>? It was because there was indeed a stated corporate "No Lay Off Policy", that was getting very inconvenient for FedEx. So with a bit of verbal tap dancing, what was once a Policy, has magically become a philosophy, with enough wiggle room to fit an MD-11 through. </p><p></p><p>And you're right, when the economy improves, Express will be losing many employees (pulling the cord). But do you think this is unforeseen, unintended, or deliberate? This falls under the category of "attrition". Attrition can be retirement, voluntary departures, terminations and buyouts. How Express acheives that remains to be seen.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 866844, member: 22880"] I know he made the same argument during an annual shareholder's meeting a few years ago, but I think this is the first time where FedEx has issued literature intended for the consumption of the wage workforce that explicitly states that People are no longer First, but merely part of a system, where the priorities can and will change at his whim. The word play between "policy" and "philosophy" occurred around the same time. Of course no corporation is going to have a "Lay OFF philosophy", so why a No Lay Off [I]philosophy[/I]? It was because there was indeed a stated corporate "No Lay Off Policy", that was getting very inconvenient for FedEx. So with a bit of verbal tap dancing, what was once a Policy, has magically become a philosophy, with enough wiggle room to fit an MD-11 through. And you're right, when the economy improves, Express will be losing many employees (pulling the cord). But do you think this is unforeseen, unintended, or deliberate? This falls under the category of "attrition". Attrition can be retirement, voluntary departures, terminations and buyouts. How Express acheives that remains to be seen. [/QUOTE]
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