I thought FedEx had an "unofficial" no-layoff policy, but, it's not like they work under a contract that can enforce that.
The FedEx driver on my route said they had a meeting a couple of weeks ago, where they discussed the possibility of pay cuts for hourlys in the near future.
Why must more negativity about UPS and management be brought into a situation that really was dealing with FDX and their misfortune? Never wish onto someone else because it could happen to you.I know a few UPS managers they could lay off.
Is that an express driver? Ground drivers are paid by the stop / package anyway.
Express will certainly be affected one way or another. Here is a quote:
The biggest part of the cost cuts will come in FedEx Express, according to Dave Bronczek, the unit's chief executive.
"(Express) is all around the world...Asia, Europe, here in the United States. So we have a lot of levers to pull - We have a lot of initiatives under way, and we are moving forward on all of those initiatives, he said."
Im glad im not the only one that saw the ignorance in Bravehearts statementWhy must more negativity about UPS and management be brought into a situation that really was dealing with FDX and their misfortune? Never wish onto someone else because it could happen to you.
FedEx beta is higher than UPS so it is expected that as stock prices go up, FedEx will go up faster than UPS ... so if not Monday, it is almost inevitable.
Well it didn't happen Monday..FedEx went down much more than UPS..
beta that!! lol