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Fred Understates Income By 30.2 Million
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<blockquote data-quote="Ricochet1a" data-source="post: 533831" data-attributes="member: 22880"><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">Looking at the latest addition to the station bulletin board, there was a list of benefits that are “bestowed” upon the hourly employees. In parentheses next to the retirement and health benefits, was a little statement to the effect that FedEx isn’t required by law to “offer” these benefits. </span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">If FedEx is making a list of our benefits, then trying to play the game of stating “these benefits are not required by law”; what in the heck are they trying to pull. There was a little statement next to the health benefit stating that FedEx’s health benefit was “competitive” and encouraging us to do some inquiries to verify the assertion. What have they been smoking in Memphis? </span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">We pay almost $200 a month in premiums for insurance for our families, and still get stuck with co-pays that are not insubstantial. The benefits match up really well against any fast food chain, but in comparison to FedEx’s nearest competitor (UPS), who are they kidding? There are still couriers that think this is just a symptom of the latest economic storm, and don’t want to rock the boat (unionize). At this point, what else is left to lose? Our dignity and self-respect?</span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">I’m convinced from information I’ve received from friends in Memphis that FedEx’s plan is to go to a near exclusive part-time work force in DGO (already have a 90% part-time work force in AGFS due to the nature of the work there). I’m on my way out, but before I go, I’d like to get the “traditional” pension plan restored so I have something to show for the years I’ve been at FedEx. I know the Teamsters are biding their time waiting for the RLA exemption to be lifted, but we need to start getting some sort of organization efforts going. I’m confident that when a majority of Couriers (and hopefully mechanics) indicate they want collective bargaining, FedEx will stall and stammer trying to avoid negotiating with a union; until they can implement their “doomsday” plan (phase out full-time Couriers and go to a part-time force). </span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">I’m convinced that the full-time Courier is a soon to be thing of the past, replaced by two pools of part-time Couriers, AM and PM. The AM will deliver overnight, and the PM will pick up like they do now. Non-overnight will be transferred to Ground in the evening it arrives at its destination ramp, and will be sorted by Ground personnel and delivered by either Ground or Home Delivery. From a strict cost basis, it is the only thing that makes sense. An average Express Courier receives in compensation (wages, benefits, etc), about $25/hr all things considered. An UPS driver receives about $37+/hr all things considered (wages, top-tier benefit package and a real retirement package). FedEx Ground “helpers” receive maybe $13/hr, with no benefits or retirement. If Fred can cut his labor cost in half for some portion of the package delivery scheme, why wouldn’t he?</span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">A lot of full-time Couriers are worried about the possibility of being forced into part-time status if they vote to unionize. Fred is going to do it sooner or later, so we might as well have a retirement plan that we hired-in with in effect, when we walk out the door. Fred’s vision is to have college students in the afternoon, and people wanting supplemental income come in the morning to get his packages moved from the customers to AGFS. From my standpoint, the full-time couriers that are struggling with whether or not to sign the card this autumn are in denial. The full-time Courier is going to be a thing of the past (as long as Fred is running things). The only variable is whether or not we get some representation in place to get the pension plan restored under contract (which cannot be unilaterally changed by FedEx).</span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">This is what FedEx fears this year, a strike by it Couriers late in the year (and hopefully joined by the mechanics, which would shut down operations). Fred would have to negotiate if both crafts unionized and hit the picket lines this autumn. The goal wouldn’t be to get a pay increase (as far as the Couriers are concerned), but rather a restoration of the pension, and a 4-6 year top out (with retroactive provisions, meaning virtually all Couriers would be topped out). This would give us a decent pension plan in hand (protected by negotiated contract, enforceable by Federal law), so that when Fred reorganizes Express (which he will most certainly do anyway), we will have something to show for our time. </span></span></p><p> </p><p><span style="font-family: 'Calibri'"><span style="font-size: 12px">Those that know the monthly expense of the retiree health insurance know that is a non-starter, especially with the current joke of a pension that FedEx Is offering. It would be tantamount to signing over whatever we received as far as a pension, to pay the premium for health insurance. We need to have the traditional pension plan restored, so we can afford to pay for whatever health insurance we choose outside of FedEx until we’re forced in to Medicare. As soon as the “career” DGO workforce recognizes that their career is about to disappear, and decides we need to get something to hold on to as we either walk out the door or are booted out, the better. </span></span></p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 533831, member: 22880"] [FONT=Calibri][SIZE=3]Looking at the latest addition to the station bulletin board, there was a list of benefits that are “bestowed” upon the hourly employees. In parentheses next to the retirement and health benefits, was a little statement to the effect that FedEx isn’t required by law to “offer” these benefits. [/SIZE][/FONT] [FONT=Calibri][SIZE=3]If FedEx is making a list of our benefits, then trying to play the game of stating “these benefits are not required by law”; what in the heck are they trying to pull. There was a little statement next to the health benefit stating that FedEx’s health benefit was “competitive” and encouraging us to do some inquiries to verify the assertion. What have they been smoking in Memphis? [/SIZE][/FONT] [FONT=Calibri][SIZE=3]We pay almost $200 a month in premiums for insurance for our families, and still get stuck with co-pays that are not insubstantial. The benefits match up really well against any fast food chain, but in comparison to FedEx’s nearest competitor (UPS), who are they kidding? There are still couriers that think this is just a symptom of the latest economic storm, and don’t want to rock the boat (unionize). At this point, what else is left to lose? Our dignity and self-respect?[/SIZE][/FONT] [FONT=Calibri][SIZE=3]I’m convinced from information I’ve received from friends in Memphis that FedEx’s plan is to go to a near exclusive part-time work force in DGO (already have a 90% part-time work force in AGFS due to the nature of the work there). I’m on my way out, but before I go, I’d like to get the “traditional” pension plan restored so I have something to show for the years I’ve been at FedEx. I know the Teamsters are biding their time waiting for the RLA exemption to be lifted, but we need to start getting some sort of organization efforts going. I’m confident that when a majority of Couriers (and hopefully mechanics) indicate they want collective bargaining, FedEx will stall and stammer trying to avoid negotiating with a union; until they can implement their “doomsday” plan (phase out full-time Couriers and go to a part-time force). [/SIZE][/FONT] [FONT=Calibri][SIZE=3]I’m convinced that the full-time Courier is a soon to be thing of the past, replaced by two pools of part-time Couriers, AM and PM. The AM will deliver overnight, and the PM will pick up like they do now. Non-overnight will be transferred to Ground in the evening it arrives at its destination ramp, and will be sorted by Ground personnel and delivered by either Ground or Home Delivery. From a strict cost basis, it is the only thing that makes sense. An average Express Courier receives in compensation (wages, benefits, etc), about $25/hr all things considered. An UPS driver receives about $37+/hr all things considered (wages, top-tier benefit package and a real retirement package). FedEx Ground “helpers” receive maybe $13/hr, with no benefits or retirement. If Fred can cut his labor cost in half for some portion of the package delivery scheme, why wouldn’t he?[/SIZE][/FONT] [FONT=Calibri][SIZE=3]A lot of full-time Couriers are worried about the possibility of being forced into part-time status if they vote to unionize. Fred is going to do it sooner or later, so we might as well have a retirement plan that we hired-in with in effect, when we walk out the door. Fred’s vision is to have college students in the afternoon, and people wanting supplemental income come in the morning to get his packages moved from the customers to AGFS. From my standpoint, the full-time couriers that are struggling with whether or not to sign the card this autumn are in denial. The full-time Courier is going to be a thing of the past (as long as Fred is running things). The only variable is whether or not we get some representation in place to get the pension plan restored under contract (which cannot be unilaterally changed by FedEx).[/SIZE][/FONT] [FONT=Calibri][SIZE=3]This is what FedEx fears this year, a strike by it Couriers late in the year (and hopefully joined by the mechanics, which would shut down operations). Fred would have to negotiate if both crafts unionized and hit the picket lines this autumn. The goal wouldn’t be to get a pay increase (as far as the Couriers are concerned), but rather a restoration of the pension, and a 4-6 year top out (with retroactive provisions, meaning virtually all Couriers would be topped out). This would give us a decent pension plan in hand (protected by negotiated contract, enforceable by Federal law), so that when Fred reorganizes Express (which he will most certainly do anyway), we will have something to show for our time. [/SIZE][/FONT] [FONT=Calibri][SIZE=3]Those that know the monthly expense of the retiree health insurance know that is a non-starter, especially with the current joke of a pension that FedEx Is offering. It would be tantamount to signing over whatever we received as far as a pension, to pay the premium for health insurance. We need to have the traditional pension plan restored, so we can afford to pay for whatever health insurance we choose outside of FedEx until we’re forced in to Medicare. As soon as the “career” DGO workforce recognizes that their career is about to disappear, and decides we need to get something to hold on to as we either walk out the door or are booted out, the better. [/SIZE][/FONT] [/QUOTE]
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