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FedEx Discussions
I Don't Get It
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<blockquote data-quote="vantexan" data-source="post: 1102854" data-attributes="member: 24302"><p>As tight as this company is do you really think there's that much waste? Sure, some, there's always some. You are the one talking union. Well, what will the union do for you? What kind of pay do you expect them to get you, what kinds of improvements in benefits? Add it up, multiply by the number of employees affected, see if it's within the range of what they have left over after everything else is paid for(profit). You make $2.3 Billion sound like alot but FedEx is about a $42Billion a year company, revenue wise, and by far their biggest expense is payroll. Many times more than $2.3 Billion. So how much more can they pay us out of current profits? They'll have to greatly increase profits, and the way they are doing that is through Ground. Since they are reducing the Express division they may be able to pay more to who's left but I wouldn't get my hopes up.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1102854, member: 24302"] As tight as this company is do you really think there's that much waste? Sure, some, there's always some. You are the one talking union. Well, what will the union do for you? What kind of pay do you expect them to get you, what kinds of improvements in benefits? Add it up, multiply by the number of employees affected, see if it's within the range of what they have left over after everything else is paid for(profit). You make $2.3 Billion sound like alot but FedEx is about a $42Billion a year company, revenue wise, and by far their biggest expense is payroll. Many times more than $2.3 Billion. So how much more can they pay us out of current profits? They'll have to greatly increase profits, and the way they are doing that is through Ground. Since they are reducing the Express division they may be able to pay more to who's left but I wouldn't get my hopes up. [/QUOTE]
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