Latest Rumor Mill

[MrFedEx]

That was the whole company, wise guy. Due to a pension charge. Get your facts straight bro.

Pension? What pension?

 

[Operational needs]

Pension? What pension?

Maybe for the executives.

 

[MrFedEx]

That's how they screwed us over on differential pay. They stopped offering it to new hires then about a year later decided it wasn't fair for some employees to get when others did not. Solution, cancel it for all.

Yes. All planned. FedEx is all about fairness.

 

[AutoDG]

Wait....so multiply your annual rate (last year) by .62? That does not sound correct. Or I'm doing the math wrong......

IE: $25,000x.62=$15,500? Or is it .062.....

 

[MrFedEx]

Wait....so multiply your annual rate (last year) by .62? That does not sound correct. Or I'm doing the math wrong......

IE: $25,000x.62=$15,500? Or is it .062.....

Annual pay x .00000000000062.

 

[MAKAVELI]

Wait....so multiply your annual rate (last year) by .62? That does not sound correct. Or I'm doing the math wrong......

IE: $25,000x.62=$15,500? Or is it .062.....

Do you really think they would give us a 62% bonus?

 

[AutoDG]

Lol I was sorta hoping that miracles do happen lol

 

[Myort]

It would be yearly salary x .0062.

 

[AutoDG]

Lovely

 

[overflowed]

Wait....so multiply your annual rate (last year) by .62? That does not sound correct. Or I'm doing the math wrong......

IE: $25,000x.62=$15,500? Or is it .062.....

She is talking about payout. It is .062 if remember right.

 

[bbsam]

Do I have to do everything for bro?
http://www.thestreet.com/video/13190154/fedex-posts-quarterly-loss-misses-wall-street-estimates.html
Overall, Fedex posted a net loss of $895 million for the fourth quarter. The company was hit by a number of special charges involving company pension costs and an on going lawsuit regarding the classification of delivery drivers as independent contractors.

You always have excuses.

 

[Code43]

She is talking about payout. It is .062 if remember right.

Is this for real?

 

[Cactus]

No. Ground made money.

Thanks to misclassification and the whole scam involved.

Most scams do make money. For awhile anyway.

 

[overflowed]

Yes, this is what we were told a few days ago. Why?

 

[MAKAVELI]

You always have excuses.

Show me where Express lost money this quarter and I'll gladly admit I was wrong.

 

[Code43]

Yes, this is what we were told a few days ago. Why?

We aren't told information like this at my station. We are kept 100% in the dark on most subjects like pay. Haven't heard a word about any Bonus.

 

[AutoDG]

So there going to give us a .062 payout this year? If someone earned $25000 thats a nice $1500 payout.....That sounds way too good to be true.....Is this ON TOP of our 5-8%raise???? I work at one of the largest Eastern stations and have heard nothing of this at all....Id assume people would be a buzz if this was mentioned.

 

[overflowed]

We aren't told information like this at my station. We are kept 100% in the dark on most subjects like pay. Haven't heard a word about any Bonus.

Dude, it's not that much bread. Let's for s and giggles say you make 50000. A few hundred after its taxed. You deserve much more pay period. They throw a few bones once in a while to try to keep the savages in line when they think we're unhappy. Sad thing, I actually think it works on some of the savages.

 

[AutoDG]

That would be $3100

 

[overflowed]

is it .0062 then, because I know that wouldn't be right.