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<blockquote data-quote="dmac1" data-source="post: 3482825" data-attributes="member: 60252"><p>It took 12 years to settle the last set of lawsuits that covered from 1999 until 2013(?). During that time, fedex saved tens of millions of dollars even after settlement costs. The IRS lost interest in pursuing them at all, the NLRB was stymied, and for some reason even the states lost interest. Sure, fedex ended up reimbursing some costs for uniforms, scanners, etc, but the paid nothing as far as the FICA taxes they owed on our full compensation. At $100k gross compensation, their share was at least $7000 per year per 'contractor.' </p><p></p><p>Perhaps with people now 'investing' huge sums to buy only the right to service a contract that can easily be cancelled, with little chance of any recovery if fedex unilaterally decides to cancel the contract for ANY or NO reason, someone(S) might find it worth filing new lawsuits to recover what might have been their life's savings, or whatever they had in a retirement account. The contract only allows an award of lost profit, not total loss, if you are fired and the arbitrator decides you were wrongfully terminated. Then they will look at your tax returns to determine what you profit per month, and give you that much multiplied by the remaining time you have under the contract. </p><p></p><p>At renewal, they have no requirement to give you anything. Anyone buying such a business is only buying a limited term right until the end of the contract term. Eventually, no one will want to pay a dime for these 'businesses' when the risk is so high. Smart people won't even want to invest in buying a vehicle when fedex can unilaterally cancel your income with no notice.</p></blockquote><p></p>
[QUOTE="dmac1, post: 3482825, member: 60252"] It took 12 years to settle the last set of lawsuits that covered from 1999 until 2013(?). During that time, fedex saved tens of millions of dollars even after settlement costs. The IRS lost interest in pursuing them at all, the NLRB was stymied, and for some reason even the states lost interest. Sure, fedex ended up reimbursing some costs for uniforms, scanners, etc, but the paid nothing as far as the FICA taxes they owed on our full compensation. At $100k gross compensation, their share was at least $7000 per year per 'contractor.' Perhaps with people now 'investing' huge sums to buy only the right to service a contract that can easily be cancelled, with little chance of any recovery if fedex unilaterally decides to cancel the contract for ANY or NO reason, someone(S) might find it worth filing new lawsuits to recover what might have been their life's savings, or whatever they had in a retirement account. The contract only allows an award of lost profit, not total loss, if you are fired and the arbitrator decides you were wrongfully terminated. Then they will look at your tax returns to determine what you profit per month, and give you that much multiplied by the remaining time you have under the contract. At renewal, they have no requirement to give you anything. Anyone buying such a business is only buying a limited term right until the end of the contract term. Eventually, no one will want to pay a dime for these 'businesses' when the risk is so high. Smart people won't even want to invest in buying a vehicle when fedex can unilaterally cancel your income with no notice. [/QUOTE]
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