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FedEx Discussions
Rumors of buy out?
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<blockquote data-quote="vantexan" data-source="post: 4399722" data-attributes="member: 24302"><p>And to think that you think you understand how Express operates. All through the super lean raise years the vast majority of topped out employees stayed unless they retired or got fired. Drop in the bucket compared to those that put in 10+ years with no chance of top out in sight. And the twentysomethings in the last ten years have had a very high turnover rate as soon as they realized they had been deceived by their hiring mgr. If FedEx is going to dislodge as many higher paid older couriers as possible without triggering a huge class action age discrimination lawsuit they're either going to have to offer some kind of financial incentive or just wait them out. As the new plan with Ground contractors takes off there are going to be a lot of well paid older couriers getting free money with the 35 hr guarantee. It may be, I don't know, that if they were hired and have worked all these years with that guarantee FedEx can't just eliminate it. Might can for newhires, but there might be a legal reason the guarantee won't go away. If so if there's one thing FedEx hates is giving away free money to couriers. And may be stuck doing that for a decade or more to the higher paid ones. So maybe not call it a buyout, but there may be a financial incentive to prompt many couriers to bail because they aren't going to get many hours anyways.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4399722, member: 24302"] And to think that you think you understand how Express operates. All through the super lean raise years the vast majority of topped out employees stayed unless they retired or got fired. Drop in the bucket compared to those that put in 10+ years with no chance of top out in sight. And the twentysomethings in the last ten years have had a very high turnover rate as soon as they realized they had been deceived by their hiring mgr. If FedEx is going to dislodge as many higher paid older couriers as possible without triggering a huge class action age discrimination lawsuit they're either going to have to offer some kind of financial incentive or just wait them out. As the new plan with Ground contractors takes off there are going to be a lot of well paid older couriers getting free money with the 35 hr guarantee. It may be, I don't know, that if they were hired and have worked all these years with that guarantee FedEx can't just eliminate it. Might can for newhires, but there might be a legal reason the guarantee won't go away. If so if there's one thing FedEx hates is giving away free money to couriers. And may be stuck doing that for a decade or more to the higher paid ones. So maybe not call it a buyout, but there may be a financial incentive to prompt many couriers to bail because they aren't going to get many hours anyways. [/QUOTE]
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