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<blockquote data-quote="Ricochet1a" data-source="post: 557327" data-attributes="member: 22880"><p>Well... If the insurance was kept in force, I probably wouldn't mind a few months away from FedEx. I'm fortunate enough not to really need what is left in my paycheck after the premiums for our benefits are deducted (I'm part-time, low end of wage scale Courier). </p><p> </p><p>He kept us employed since he is receiving a BARGAIN in the deal. His labor costs are 30-35% lower than UPS's. And he didn't keep everyone employed. </p><p> </p><p>There have been wage employees in markets that have had serious downturns that have been "displaced". They were given a time period (usually 90 days) to either transfer to another location that was understaffed, or lose their job. They were given the option of taking a very modest cash payout if they decided at the time they were notified to voluntarily leave FedEx. If they elected to NOT take the cash payout and stayed with FedEx (and were unsuccessful in finding another position to take), they were out with no severance. </p><p> </p><p>My understanding is that most took the "severance". Trying to sell one's home and buying another in this environment isn't a good idea. Having one's employer in essence show them the door in a "take it or leave it" manner isn't very conducive to maintaining loyalty after what has happened over the past 18 months. Most positions required a 12 month time in station committment if they took the open position. So they couldn't just transfer to one place, live in an apartment for awhile, and when a position opened up close to "home" transfer back. FedEx uses either a 12 or 18 time in station requirement to keep employees from playing musical chairs with positions.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 557327, member: 22880"] Well... If the insurance was kept in force, I probably wouldn't mind a few months away from FedEx. I'm fortunate enough not to really need what is left in my paycheck after the premiums for our benefits are deducted (I'm part-time, low end of wage scale Courier). He kept us employed since he is receiving a BARGAIN in the deal. His labor costs are 30-35% lower than UPS's. And he didn't keep everyone employed. There have been wage employees in markets that have had serious downturns that have been "displaced". They were given a time period (usually 90 days) to either transfer to another location that was understaffed, or lose their job. They were given the option of taking a very modest cash payout if they decided at the time they were notified to voluntarily leave FedEx. If they elected to NOT take the cash payout and stayed with FedEx (and were unsuccessful in finding another position to take), they were out with no severance. My understanding is that most took the "severance". Trying to sell one's home and buying another in this environment isn't a good idea. Having one's employer in essence show them the door in a "take it or leave it" manner isn't very conducive to maintaining loyalty after what has happened over the past 18 months. Most positions required a 12 month time in station committment if they took the open position. So they couldn't just transfer to one place, live in an apartment for awhile, and when a position opened up close to "home" transfer back. FedEx uses either a 12 or 18 time in station requirement to keep employees from playing musical chairs with positions. [/QUOTE]
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