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<blockquote data-quote="Ricochet1a" data-source="post: 1170834" data-attributes="member: 22880"><p>Well first off, there is no 'loss of income' for Express. Express hit a rough patch back in 2009-11 with a combination of the economy slowing down along with a surge in fuel prices. Express' fuel surcharge more than covered their price increases for that expense, and since 2011 FedEx has accelerated its restructuring of Express. In the accounting statements of FedEx (Express in particular), they've been showing little or no profitability - all of the reorganization has been 'expensed off' to reduce tax liability as much as possible. FedEx didn't want to show negative cash flow (can't get tax refunds on operating losses), but when a profit was indeed generated, Express has implemented restructuring expense to coincidentally offset those profits almost entirely. Put another way, the government of this country is subsidizing the restructure expense of FedEx. This is all perfectly legal, but it does show the intent of FedEx - do what is needed to create profitability within Express, when a profit is showing as a result, shift expenses of the restructuring to that period of time to mitigate tax liability. Express is getting ready to realize a HUGE jump in reported profitability (once all restructuring expense is incurred). This is one of the primary reasons for the latest surge in FedEx stock price - the anticipation of BIG profits coming once all the expenses are out of the way. </p><p></p><p></p><p></p><p>Well, in all honesty you are a bit late to the game. I came here over 4 years ago thinking that maybe the Couriers would 'show some action'. Wasn't to be. This past February, I had my last hope that the Couriers would be aroused out of their stupor and do something. Wasn't to be. Even the posters here weren't going to do a damn thing - they were all waiting for someone else or some big union to step in and do all the hard work for them. Wasn't to be. </p><p></p><p>You have found out for yourself that Express is no longer the company you (or your family members) believed it was. You have made an exit plan, are working the plan and are looking to get out. That is ALL that is left for the current Express employees at this stage - make a plan to get out and execute the plan as soon as possible. </p><p></p><p>Recording one scripted meeting on the impending changes to employee health coverage won't do a damn thing to change anything. </p><p></p><p></p><p></p><p>I thought that would work back in 2010 too.... You might as well toss some dog poop around your station - the reaction you'll get would be the same as distributing union rep cards at this stage. The Couriers are sheep - they aren't going to do anything to save themselves, that has been PROVEN at this stage. You've been on this forum long enough to see all the talk of action, then when someone comes out and suggests some real PRODUCTIVE action - everyone gets real scared and beats feet away. There are a few who have been willing to get out rep cards in their station - they are to be congratulated for their efforts. HOWEVER... in the face of the RLA, this is about as useful as pissing in the wind. </p><p></p><p>What is needed is NETWORK. Couriers willing to put in 5 or so hours a week of their own time (uncompensated by anyone), going out to neighboring stations, meeting fellow Couriers, finding like minded Couriers and establishing an informal network of amateur station organizers. Then these recruited amateur organizers would continue to build the chain, and get Couriers in stations that are near to them recruited and into the network. With a network of amateur organizers in 400 of the largest Express stations, there would be some hope of concerted, coordinated action to get union rep cards signed, turned in and convincing the IBT that the Couriers are REALLY interested in becoming union members and not viewing the IBT and what it represents as something resembling what is on the bottom of one's shoe after stepping in smelly dog poo. </p><p></p><p>The IBT isn't going to dump its assets down a hole trying to convince the Couriers of the IBT's 'good offices'. The Couriers are going to have to go to the effort to 'come to the IBT'. That isn't going to happen either - so each 'side' sits back and waits for the other to do something. Meanwhile, the deal that is being offered in Express keeps on getting worse and worse for its employees. </p><p></p><p>The posters here have made it ABUNDANTLY clear that they won't go to those efforts to get a union in Express. So it is checkmate - Fred S wins. Fred wouldn't have DREAMED of pulling this latest stunt if he had any reasonable fear whatsoever of the Couriers successfully organizing against him. The fear of the Couriers organizing that existed in Memphis from mid-2009 to late 2010 has completely disappeared. What you are seeing now is a DIRECT result of this. </p><p></p><p>The Couriers won't organize, Memphis cleaned house of salaried employees who didn't really want to be there under the 'new order', and lower level management was given a veiled ultimatum to either 'toe the line' in regards to the new order - or get out themselves. Everyone that is left in Express at this stage is either owned by Fred, or too damn afraid to do something about it. </p><p></p><p></p><p></p><p>I'm glad you realized that Express was and is no place to be. I too realized this starting after about 6 months with Express, and knew without a doubt within 18 months after working there.</p><p></p><p>However, at this stage, not many are left who are willing to fight to get back what was lost. The sheep aren't to be persuaded by their fellow coworkers that there is another option for them (they want an engraved invitation with gold inlays handed to them on a silver platter with fanfare, offers of legal protection and other incentives to even show interest in organizing). It is too late. </p><p></p><p>The Couriers KNEW back in 2009 once the pension was gone, that deal was only going to get worse thereafter. They buried their head using one excuse or another to absolve themselves from taking any action. Fast forward 4 years and now a few Couriers are realizing that, "Hey, maybe its time to do something before things get really bad".</p><p></p><p>I'll bite my lip at this point...</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1170834, member: 22880"] Well first off, there is no 'loss of income' for Express. Express hit a rough patch back in 2009-11 with a combination of the economy slowing down along with a surge in fuel prices. Express' fuel surcharge more than covered their price increases for that expense, and since 2011 FedEx has accelerated its restructuring of Express. In the accounting statements of FedEx (Express in particular), they've been showing little or no profitability - all of the reorganization has been 'expensed off' to reduce tax liability as much as possible. FedEx didn't want to show negative cash flow (can't get tax refunds on operating losses), but when a profit was indeed generated, Express has implemented restructuring expense to coincidentally offset those profits almost entirely. Put another way, the government of this country is subsidizing the restructure expense of FedEx. This is all perfectly legal, but it does show the intent of FedEx - do what is needed to create profitability within Express, when a profit is showing as a result, shift expenses of the restructuring to that period of time to mitigate tax liability. Express is getting ready to realize a HUGE jump in reported profitability (once all restructuring expense is incurred). This is one of the primary reasons for the latest surge in FedEx stock price - the anticipation of BIG profits coming once all the expenses are out of the way. Well, in all honesty you are a bit late to the game. I came here over 4 years ago thinking that maybe the Couriers would 'show some action'. Wasn't to be. This past February, I had my last hope that the Couriers would be aroused out of their stupor and do something. Wasn't to be. Even the posters here weren't going to do a damn thing - they were all waiting for someone else or some big union to step in and do all the hard work for them. Wasn't to be. You have found out for yourself that Express is no longer the company you (or your family members) believed it was. You have made an exit plan, are working the plan and are looking to get out. That is ALL that is left for the current Express employees at this stage - make a plan to get out and execute the plan as soon as possible. Recording one scripted meeting on the impending changes to employee health coverage won't do a damn thing to change anything. I thought that would work back in 2010 too.... You might as well toss some dog poop around your station - the reaction you'll get would be the same as distributing union rep cards at this stage. The Couriers are sheep - they aren't going to do anything to save themselves, that has been PROVEN at this stage. You've been on this forum long enough to see all the talk of action, then when someone comes out and suggests some real PRODUCTIVE action - everyone gets real scared and beats feet away. There are a few who have been willing to get out rep cards in their station - they are to be congratulated for their efforts. HOWEVER... in the face of the RLA, this is about as useful as pissing in the wind. What is needed is NETWORK. Couriers willing to put in 5 or so hours a week of their own time (uncompensated by anyone), going out to neighboring stations, meeting fellow Couriers, finding like minded Couriers and establishing an informal network of amateur station organizers. Then these recruited amateur organizers would continue to build the chain, and get Couriers in stations that are near to them recruited and into the network. With a network of amateur organizers in 400 of the largest Express stations, there would be some hope of concerted, coordinated action to get union rep cards signed, turned in and convincing the IBT that the Couriers are REALLY interested in becoming union members and not viewing the IBT and what it represents as something resembling what is on the bottom of one's shoe after stepping in smelly dog poo. The IBT isn't going to dump its assets down a hole trying to convince the Couriers of the IBT's 'good offices'. The Couriers are going to have to go to the effort to 'come to the IBT'. That isn't going to happen either - so each 'side' sits back and waits for the other to do something. Meanwhile, the deal that is being offered in Express keeps on getting worse and worse for its employees. The posters here have made it ABUNDANTLY clear that they won't go to those efforts to get a union in Express. So it is checkmate - Fred S wins. Fred wouldn't have DREAMED of pulling this latest stunt if he had any reasonable fear whatsoever of the Couriers successfully organizing against him. The fear of the Couriers organizing that existed in Memphis from mid-2009 to late 2010 has completely disappeared. What you are seeing now is a DIRECT result of this. The Couriers won't organize, Memphis cleaned house of salaried employees who didn't really want to be there under the 'new order', and lower level management was given a veiled ultimatum to either 'toe the line' in regards to the new order - or get out themselves. Everyone that is left in Express at this stage is either owned by Fred, or too damn afraid to do something about it. I'm glad you realized that Express was and is no place to be. I too realized this starting after about 6 months with Express, and knew without a doubt within 18 months after working there. However, at this stage, not many are left who are willing to fight to get back what was lost. The sheep aren't to be persuaded by their fellow coworkers that there is another option for them (they want an engraved invitation with gold inlays handed to them on a silver platter with fanfare, offers of legal protection and other incentives to even show interest in organizing). It is too late. The Couriers KNEW back in 2009 once the pension was gone, that deal was only going to get worse thereafter. They buried their head using one excuse or another to absolve themselves from taking any action. Fast forward 4 years and now a few Couriers are realizing that, "Hey, maybe its time to do something before things get really bad". I'll bite my lip at this point... [/QUOTE]
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