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<blockquote data-quote="moreluck" data-source="post: 244908" data-attributes="member: 1246"><p>Union: FedEx May Pay Drivers Up to $33M</p><p>Friday September 21, 4:17 pm ET </p><p>By Samantha Bomkamp, AP Business Writer Teamsters Claim FedEx May Pay Calif. Drivers Up to $33 Million to Sell or Take on More Routes </p><p> </p><p></p><p>NEW YORK (AP) -- The Teamsters union said Friday FedEx Corp. may pay up to $33 million in incentives to delivery drivers in California, but a company spokesman says it hasn't discussed the value of any payments with the union. </p><p>The incentives are designed to prompt California single-route drivers to take on more routes or sell existing ones. FedEx spokesman Maury Lane said the company and the Teamsters didn't discuss the monetary value of the incentives. </p><p>"That number is pure fantasy," Lane said. "We haven't discussed any numbers with anyone. FedEx does not release information on planned incentives." </p><p>Thursday, the package delivery company said the proposed incentives were in response to "current regulatory and legal uncertainty in California," which involve a dispute over the company's drivers serving as independent contractors, rather than company employees. </p><p>Teamsters spokesman David Welker said if drivers retain one route, they are considered direct employees of a company under California law. By giving a driver multiple routes, Welker said FedEx is skirting the legal issues by effectively transforming the drivers into "middle-managers." </p><p>Welker said the union got the incentive figure from California drivers who were offered incentive packages Thursday. The incentives, Welker said, ranged from $25,000 to $33,000 for each driver. The figure was then multiplied by the 1,000 FedEx drivers in California. </p><p>But Lane said that a quarter of the California drivers are already on multiple route contracts, and combined own half the routes in California. </p><p>"Although the company says this number is not material, what's happening in California is just the tip of the iceberg," Welker said. </p><p>FedEx has about 15,000 contractors nationwide. </p><p>The union said it's also sponsoring a shareholder proposal at FedEx Corp.'s annual meeting on Monday that seeks to split the roles of chief executive and chairman, in an effort "to assure board independence and better corporate governance." </p><p>Both roles are currently held by Fred S. </p><p>"The proposal is based in part on the board of directors' failure to instruct management to fully disclose the liabilities and potential financial impact of a major change in the FedEx Ground business model," the union said in a statement. </p><p>Although the union does not represent any of the California drivers, Welsh said the Teamsters union and the Teamsters pension fund are FedEx shareholders. </p><p>FedEx shares fell 35 cents to $104.10 in afternoon trading.</p></blockquote><p></p>
[QUOTE="moreluck, post: 244908, member: 1246"] Union: FedEx May Pay Drivers Up to $33M Friday September 21, 4:17 pm ET By Samantha Bomkamp, AP Business Writer Teamsters Claim FedEx May Pay Calif. Drivers Up to $33 Million to Sell or Take on More Routes NEW YORK (AP) -- The Teamsters union said Friday FedEx Corp. may pay up to $33 million in incentives to delivery drivers in California, but a company spokesman says it hasn't discussed the value of any payments with the union. The incentives are designed to prompt California single-route drivers to take on more routes or sell existing ones. FedEx spokesman Maury Lane said the company and the Teamsters didn't discuss the monetary value of the incentives. "That number is pure fantasy," Lane said. "We haven't discussed any numbers with anyone. FedEx does not release information on planned incentives." Thursday, the package delivery company said the proposed incentives were in response to "current regulatory and legal uncertainty in California," which involve a dispute over the company's drivers serving as independent contractors, rather than company employees. Teamsters spokesman David Welker said if drivers retain one route, they are considered direct employees of a company under California law. By giving a driver multiple routes, Welker said FedEx is skirting the legal issues by effectively transforming the drivers into "middle-managers." Welker said the union got the incentive figure from California drivers who were offered incentive packages Thursday. The incentives, Welker said, ranged from $25,000 to $33,000 for each driver. The figure was then multiplied by the 1,000 FedEx drivers in California. But Lane said that a quarter of the California drivers are already on multiple route contracts, and combined own half the routes in California. "Although the company says this number is not material, what's happening in California is just the tip of the iceberg," Welker said. FedEx has about 15,000 contractors nationwide. The union said it's also sponsoring a shareholder proposal at FedEx Corp.'s annual meeting on Monday that seeks to split the roles of chief executive and chairman, in an effort "to assure board independence and better corporate governance." Both roles are currently held by Fred S. "The proposal is based in part on the board of directors' failure to instruct management to fully disclose the liabilities and potential financial impact of a major change in the FedEx Ground business model," the union said in a statement. Although the union does not represent any of the California drivers, Welsh said the Teamsters union and the Teamsters pension fund are FedEx shareholders. FedEx shares fell 35 cents to $104.10 in afternoon trading. [/QUOTE]
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