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FedEx Discussions
Rumors of buy out?
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<blockquote data-quote="vantexan" data-source="post: 4401468" data-attributes="member: 24302"><p>A topped out courier making $30hr and averaging 5 hours of guaranteed pay a week is getting over $6500 a year in free money if you exclude 5 weeks of vacation and 4 weeks before Christmas. If he plans to work until 67 that's thousands of workers getting millions of free money for years to come. An incentive of say $10k to take pension now if eligible might make a dent in the pain. Might save FedEx $50-$100 million a year. With the new pay plan, assuming they don't suspend it in this environment, that's more and more people getting higher pay every year and most of them are getting free money too. Reducing the workforce allows restructuring of routes to get them above 35 hrs. As is all the stations with 4X10 rts are going to most likely 5 day shifts and you'll have a 4X10 cover driver added to the mix. So reduced hours for fulltimers.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4401468, member: 24302"] A topped out courier making $30hr and averaging 5 hours of guaranteed pay a week is getting over $6500 a year in free money if you exclude 5 weeks of vacation and 4 weeks before Christmas. If he plans to work until 67 that's thousands of workers getting millions of free money for years to come. An incentive of say $10k to take pension now if eligible might make a dent in the pain. Might save FedEx $50-$100 million a year. With the new pay plan, assuming they don't suspend it in this environment, that's more and more people getting higher pay every year and most of them are getting free money too. Reducing the workforce allows restructuring of routes to get them above 35 hrs. As is all the stations with 4X10 rts are going to most likely 5 day shifts and you'll have a 4X10 cover driver added to the mix. So reduced hours for fulltimers. [/QUOTE]
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