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FedEx stock is crashing and burning. What do you think the future will be?
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<blockquote data-quote="btrlov" data-source="post: 4309354" data-attributes="member: 29173"><p>ups has a two tier wage system...its pays its Hub "inside" employees less wages and benefits than fedex inside employees. Fulltime teamsters frequently sell out the new born and part time employees at almost every single contract. For example i have a friend that been working part time for 11years!!(not by choice) and when he converts to fulltime his wage is frozen for 4 years...then goes to top pay progression for fulltime, progression in part time is almost non existent beyond the bi-yearly inflation raises.The drivers dominate voting numbers so contracts are set up to favor them(current drivers) as opposed to incoming drivers or other teamster titles.</p><p></p><p>UPS has a more brutal management at the ground level, this is due to the union presence. For example they would fire 99% of their seasonal workforce without flinching. They layoff many drivers before they "make book" UPS has more volume.. UPS doesn't split off its trucking operation to contractors, it combines both air and ground in single operation. Feeders moves both Air Cans trailers and ground trailers. Hub division unloads/Sorts/Loads trailers and Preload/package division loads the brown trucks... all occurring relatively in close proximity.</p></blockquote><p></p>
[QUOTE="btrlov, post: 4309354, member: 29173"] ups has a two tier wage system...its pays its Hub "inside" employees less wages and benefits than fedex inside employees. Fulltime teamsters frequently sell out the new born and part time employees at almost every single contract. For example i have a friend that been working part time for 11years!!(not by choice) and when he converts to fulltime his wage is frozen for 4 years...then goes to top pay progression for fulltime, progression in part time is almost non existent beyond the bi-yearly inflation raises.The drivers dominate voting numbers so contracts are set up to favor them(current drivers) as opposed to incoming drivers or other teamster titles. UPS has a more brutal management at the ground level, this is due to the union presence. For example they would fire 99% of their seasonal workforce without flinching. They layoff many drivers before they "make book" UPS has more volume.. UPS doesn't split off its trucking operation to contractors, it combines both air and ground in single operation. Feeders moves both Air Cans trailers and ground trailers. Hub division unloads/Sorts/Loads trailers and Preload/package division loads the brown trucks... all occurring relatively in close proximity. [/QUOTE]
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FedEx stock is crashing and burning. What do you think the future will be?
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