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FedEx Discussions
FedEx stock is crashing and burning. What do you think the future will be?
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<blockquote data-quote="fedx" data-source="post: 4303403" data-attributes="member: 64891"><p>I think FedEx's real problems started with that TNT merger. That was what was holding FedEx down for the past 4 years was the "headwinds" created by that merger. We don't hear a lot about the TNT fiasco anymore, but now it's Amazon that took another chip out of FedEx. So the combined issued of that TNT merger along with Amazon competition is really squeezing FedEx now.</p><p></p><p>I wonder if they will do away with that 10 step pay progression all together? I mean with all the financial problems they're having now and with no end in sight, they might just permanently suspend the pay steps. If they do that, I'm sure you'll see a lot of people quitting sooner than later. Realizing you're in a stressful job who's top out pay is $17-19/hr will cause most to leave. Of course FedEx won't say they've canceled the pay steps, they'll say they suspended them (forever) to prevent people from quitting in mass.</p><p></p><p>So then you'll have FedEx become a place like McDonalds where you only plan on working there a couple of years till you find something better. They'll have tremendous turnover and will lose the respect they once had as a good place to work.</p></blockquote><p></p>
[QUOTE="fedx, post: 4303403, member: 64891"] I think FedEx's real problems started with that TNT merger. That was what was holding FedEx down for the past 4 years was the "headwinds" created by that merger. We don't hear a lot about the TNT fiasco anymore, but now it's Amazon that took another chip out of FedEx. So the combined issued of that TNT merger along with Amazon competition is really squeezing FedEx now. I wonder if they will do away with that 10 step pay progression all together? I mean with all the financial problems they're having now and with no end in sight, they might just permanently suspend the pay steps. If they do that, I'm sure you'll see a lot of people quitting sooner than later. Realizing you're in a stressful job who's top out pay is $17-19/hr will cause most to leave. Of course FedEx won't say they've canceled the pay steps, they'll say they suspended them (forever) to prevent people from quitting in mass. So then you'll have FedEx become a place like McDonalds where you only plan on working there a couple of years till you find something better. They'll have tremendous turnover and will lose the respect they once had as a good place to work. [/QUOTE]
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FedEx stock is crashing and burning. What do you think the future will be?
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