No Raise this Year?

vantexan

Well-Known Member
If Great Britain does leave the common market the only major power left will be Germany and they can't carry the rest of the continent all by themselves. The potential for a full blown collapse of the European economy is real as evidenced by the fact that German banks now pay negative interest rates on deposits. So if you go be prepared for a quick return to the states.
Not where I'm going. They aren't in the European Union.
 

bacha29

Well-Known Member
Hey Van, the last I heard you were moving to Romania. As of July 2015 Romania was indeed a member of both the European Union and the European Economic Area. All countries in the Union except 2 and Romania is not one of them must eventually adopt the euro once they meet the qualifying criteria. Romania has not yet adopted the euro. I hope that it has plenty of gold in it's vaults and a strong central bank . The political and economic instability of that region cannot be ignored and Trump if elected makes good on his plan to require European allies including Romania spend much more on their own defense the place may not be quite the utopia you think it is.
 

optikz

Well-Known Member
We just got our market level adjustment... some folks up almost $2...
next week probably pay reductions to help pay for TNT and the Pharmaceutical lawsuits.
But we'll gladly help pay because we LOVE FEDEX...
did they tell you that they were giving you that adjustment before hand or they just surprised yall?
 

SmithBarney

Well-Known Member
did they tell you that they were giving you that adjustment before hand or they just surprised yall?

Yes we were told months ago that it 'might' be happening since we have a 50%+ retention problem can't keep new hires and old hires keep leaving for better market levels 20miles away(in fact it's cheaper to live/work in those other markets than our own) but as we know Cost of living has nearly nothing to do with what they pay individual areas.
 

optikz

Well-Known Member
Yes we were told months ago that it 'might' be happening since we have a 50%+ retention problem can't keep new hires and old hires keep leaving for better market levels 20miles away(in fact it's cheaper to live/work in those other markets than our own) but as we know Cost of living has nearly nothing to do with what they pay individual areas.

they mentioned something a out market level change last year but that's the last we heard a out it. not sure what our retention rare is but none of the people we hired last year are here anymore lol. 45 minutes north and then make $2 more an hour.


the marker level is based on what other jobs are paying in our area, not cost of living. at least that's how they described it last year
 

vantexan

Well-Known Member
Hey Van, the last I heard you were moving to Romania. As of July 2015 Romania was indeed a member of both the European Union and the European Economic Area. All countries in the Union except 2 and Romania is not one of them must eventually adopt the euro once they meet the qualifying criteria. Romania has not yet adopted the euro. I hope that it has plenty of gold in it's vaults and a strong central bank . The political and economic instability of that region cannot be ignored and Trump if elected makes good on his plan to require European allies including Romania spend much more on their own defense the place may not be quite the utopia you think it is.
Wrong again, not Romania. When did I say it's an utopia?
 

Serf

Well-Known Member
Wouldn't surprise me.

They've also delayed paying out the MAP bonus for unused sick time. This is after they were bragging about reaching the profit improvement plan goal and having a great 4th quarter. No matter how good or bad things are the one thing you can count on is FedEx changing the rules to suit the company.
Our rumor mill claims the same thing about delay in MAP bonus/unused sick time as well.
 

bacha29

Well-Known Member
Interesting post Diablo. X's 4th quarter operating results will not be released until 5PM EDT on Wednesday 6-21. Even if it is good keep in mind that they are spending money at an accelerated rate. Buying companies (TNT) building new hubs and terminals all over the country for Ground because it's revenue contribution is now more than one third of the corporations total. compared to 9% a decade ago. Going forward no matter which operating unit you're with anything can happen going forward. No question they are determined to surpass USPS and UPS, but at what cost? They don't care about that.
 

Fred's Myth

Nonhyphenated American
Interesting post Diablo. X's 4th quarter operating results will not be released until 5PM EDT on Wednesday 6-21. Even if it is good keep in mind that they are spending money at an accelerated rate. Buying companies (TNT) building new hubs and terminals all over the country for Ground because it's revenue contribution is now more than one third of the corporations total. compared to 9% a decade ago. Going forward no matter which operating unit you're with anything can happen going forward. No question they are determined to surpass USPS and UPS, but at what cost? They don't care about that.
Not to mention the common stock buyback earlier this year. For the hourly, the pantry is getting bare.
 

Cactus

Just telling it like it is
Interesting post Diablo. X's 4th quarter operating results will not be released until 5PM EDT on Wednesday 6-21. Even if it is good keep in mind that they are spending money at an accelerated rate. Buying companies (TNT) building new hubs and terminals all over the country for Ground because it's revenue contribution is now more than one third of the corporations total. compared to 9% a decade ago. Going forward no matter which operating unit you're with anything can happen going forward. No question they are determined to surpass USPS and UPS, but at what cost? They don't care about that.
Will never happen. They'll do something to :censored2: it up.
 
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