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FedEx PPA Going Away
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<blockquote data-quote="MrFedEx" data-source="post: 4313703" data-attributes="member: 12508"><p>The bottom line is that it is another takeaway that benefits FedEx, not employees. No matter what the percentage or match, the calculus is that FedEx benefits in the end, otherwise the PPA would have been retained.</p><p></p><p>Fred 101 is that any changes benefit the company and are of detriment to employees. The second part of this is that those changes are subject to modification and/or elimination at any time, again, so the company will save money at a future date by lowering the match or taking away something else.</p><p></p><p>The lack of any contractual liability allows FedEx to do whatever it wants, whenever it wants to. And, since FedEx is a prime takeover target right now, this could be setting you up for something even worse, and making Express look more appealing to a potential suitor.</p><p></p><p>Your best bet is just to leave, and find a company that provides good benefits.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 4313703, member: 12508"] The bottom line is that it is another takeaway that benefits FedEx, not employees. No matter what the percentage or match, the calculus is that FedEx benefits in the end, otherwise the PPA would have been retained. Fred 101 is that any changes benefit the company and are of detriment to employees. The second part of this is that those changes are subject to modification and/or elimination at any time, again, so the company will save money at a future date by lowering the match or taking away something else. The lack of any contractual liability allows FedEx to do whatever it wants, whenever it wants to. And, since FedEx is a prime takeover target right now, this could be setting you up for something even worse, and making Express look more appealing to a potential suitor. Your best bet is just to leave, and find a company that provides good benefits. [/QUOTE]
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