What will the MEM Big Cheeses lose when the "October Surprise" hits us? In a word...NOTHING. In fact, all of them stand to gain substantially through increased stock values. They can buy even more of it with their interest-free loans if they want to, and they will take full advantage.
My guess is that the top management team will be rewarded handsomely anyway for cooking-up this monster scam. Please remember, that despite their desperate pleas that Express is going bankrupt, the October Surprise has been actively planned since 2008. Every move from that point forward has been strategically calculated, so everything they've been trying to say or do about "saving" Express has been one big, effing LIE.
The last hurdle that needed to be crossed was the liberalized voting provisions for the RLA. When Fred won that one, he knew that he could pull this thing off with no meaningful oppostion from Express employees. Within a very short time, the shift premiums disappeared, which is most definitely not a coincidence. If we had been given even the slimmest chance of going union, Fred wouldn't have dared to do it. Please note that neither vehicle mechanics nor aircraft mechanics had their premiums altered, because they are a small enough workgroup to actually unionize, and also quite capable of bringing the whole show to a grinding halt.
So, when MT3 or Dave come on Frontline in the next few months wringing their hands and crying big crocodile tears, you need to know that they are going to cash-in big time on this one. While you struggle to get your minimums or maybe even keep your job, these people will be partying, planning new vacations and homes, and thinking of ways to hide their newest bag of millions from the IRS.
It's all a huge lie, designed to shift as much Express volume as possible over to Ground, and milk that scam for every penny they can get.
So where do you figure-in to this equation. Well, you really don't, because their ideal situation is for you to just get pissed at the whole deal and leave. I don't care if you're the best courier the world has ever seen...they don't know you exist, because you're just an employee number, not unlike the asset number of the work vehicle you drive. And they can get people to work for even less than you do, which suits them just fine. As long as they can get 3-5 years out of them, that will be enough. No career employees/no retirements, and a disposable workforce that will be replaced over and over again before they can get old or injured.
Let's move forward to say, September, OK? Here's a transcript from MT3's "statement".
"I'm so sorry to say that FedEx Express needs to revise it's business model to meet the challenges of changing market conditions (hand wringing and downward glances). Your FedEx Management Team has done everything possible to increase revenues within the Express opco, but alas, our best efforts have failed. Effective immediately, the Express Service product will no longer be offered to Express customers, but they will find an equivalent shipping option with our Ground opco. The E2 product will also be shifted over to Ground as soon as possible in an attempt to increase our operating (profit) margins.
I am asking the FedEx Team to once again make sacrifices for the long-term operating health of the corporation. This is a crisis of enormous proportions, but I know that you will all continue to deliver the Purple Promise to our customers and make every FedEx experience an oustanding one.
The 35 hour minimum guarantee for FT employees is eliminated until further notice, and a number of you will be asked to accept PT employment for the forseeable future. Sad as it is to say (trickling tear, more hand wringing), some of you will have your employment with FedEx Express terminated. We remain firmly committed to our P-S-P Philosophy and will try to ensure that everyone possible is offered a job if one exists at another FedEx location.
We, your FedEx Management Team, share in your losses and sacrifice, and we will be doing everything in our power to rebuild the Express division and keep FedEx Express the #1 choice for the shipping public.
Remember, FedEx Cares."