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Early Retirement Payout
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<blockquote data-quote="vantexan" data-source="post: 2651876" data-attributes="member: 24302"><p>Whenever FedEx makes an offer on anything it's always in their best interest. You and many others get that, but amazingly some don't and believe the company truly cares about their well-being. They came up with a better pay plan because they had to, not because they wanted to. So what? Now we're seeing them behind the scenes coming up with ways to offset the new plan. Nothing is more important to them than maintaining and increasing profit. That's their path to riches. As Ground is the sure fire profit maker, and as companies like Amazon seek to increase their profits, expect less and less OT at Express, and difficulty getting 40 hrs, and maybe even 35. And ultimately don't be shocked if they drop the portable pension plan. Might be farther down the road, but FedEx has demonstrated willingness over the years to take from the employees to increase profits. When most of the old timers are gone, and the current crop of new hires are 10+ years in with families and mortgages, don't be surprised if the portable is gone. Of course if D. Trump manages to greatly improve the economy and FedEx has to compete for workers, won't happen. But Congress is already showing signs they're hesitating on reforms, so not getting hopes up. And if the market collapses because of debt all bets are off on pensions, raises, guarantees.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2651876, member: 24302"] Whenever FedEx makes an offer on anything it's always in their best interest. You and many others get that, but amazingly some don't and believe the company truly cares about their well-being. They came up with a better pay plan because they had to, not because they wanted to. So what? Now we're seeing them behind the scenes coming up with ways to offset the new plan. Nothing is more important to them than maintaining and increasing profit. That's their path to riches. As Ground is the sure fire profit maker, and as companies like Amazon seek to increase their profits, expect less and less OT at Express, and difficulty getting 40 hrs, and maybe even 35. And ultimately don't be shocked if they drop the portable pension plan. Might be farther down the road, but FedEx has demonstrated willingness over the years to take from the employees to increase profits. When most of the old timers are gone, and the current crop of new hires are 10+ years in with families and mortgages, don't be surprised if the portable is gone. Of course if D. Trump manages to greatly improve the economy and FedEx has to compete for workers, won't happen. But Congress is already showing signs they're hesitating on reforms, so not getting hopes up. And if the market collapses because of debt all bets are off on pensions, raises, guarantees. [/QUOTE]
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