Sounds like you just gave up bro. Just because you weren't willing to put the time, effort, and training, doesn't mean someone else can't find better. Btw I hope you like the starting wage because your wage won't be going up for a long, long, long time.
Fortunately I won't be around for that long, the privilege of being older. I don't have the money for training, needed a job. And I'm not going to start a new "career" at this point. If you can get the training and get out more power to you. I'm thankful they took me back. All I'm asking here is if one wants to make statements about anything concerning the company then back it up with documentation. I don't like dishonest managers and want to see facts here too.
OK, FedEx used accelerated depreciation on assets for most of it's tax breaks. A very common thing to do. With it's aircraft and vehicle fleet what would you expect them to do? They are constantly having to invest in new vehicles. The question remains are they breaking the law? If it's allowed, and with good reason, then they aren't. And if you think pay progression is slow now what do you think would happen if those tax breaks were abolished? Does FedEx exist just to provide jobs? And funds sent overseas? FedEx is building it's network overseas. FATCA will eliminate hiding money abroad. But FedEx has legitimate business worldwide that requires funding.
I never said fedex was breaking the law. What I'm saying is fedex and most of the other US companies are using their undo influence to stack the deck against the rest of us.
Just look at the employee numbers(excluding the recent number jump because they ran out of numbers) from 2006- to 2012 200,000 employee numbers were used up.
But those tax breaks were in place long before FedEx started. FedEx couldn't and wouldn't exist without them. Do you think Fred S or any other entrepreneur would start a company just to give everything to the employees? Look at the total aftertax profit FedEx makes and compare it to what it pays annually in payroll. There's no way FedEx can compensate everyone to the amount many on here believe they should get. They'd have to be a lot more profitable, a whole lot more, to pay that much better. And you want them to pay much more in taxes. The U.S. has the highest corporate taxes in the world but tax breaks reduce their tax burden. Do German companies also get breaks? And there's really no across the board comparison because the cost of living is also higher in Germany and different companies have different situations. FedEx has to have a very large workforce as delivering pkgs is labor intensive. It spends a huge amount on fuel. Compare German companies in the same situation if you can find them. And don't forget that Germany is part of the European Union where Southern European nations were very irresponsible with perks and benefits for their workers. The Germans are very resentful that their taxes are going to bailing out these countries. I'm not saying the U.S. doesn't have it's problems, and corporate executive compensation is way out of whack with the rest of the world. But in our system you either have to work your way up the corporate ladder, or get training in a specialty that pays, or start your own company with all the inherent risks. Or settle for less if you aren't willing to do the above. It's a competitive global market now and companies who don't hold down costs to provide affordable consumer goods or services are soon out of business. I didn't make this happen, I'm not thrilled that it has happened, but it's the reality we live in so please don't bite my head off.
Your excuses for FedEx are repeated every year and are getting very tiresome. This company makes $ billions, stock price is over $150, executives making $ millions in salaries and bonuses. So please save the bs for some schmuck who doesn't know their ass from a hole in the ground.But those tax breaks were in place long before FedEx started. FedEx couldn't and wouldn't exist without them. Do you think Fred S or any other entrepreneur would start a company just to give everything to the employees? Look at the total aftertax profit FedEx makes and compare it to what it pays annually in payroll. There's no way FedEx can compensate everyone to the amount many on here believe they should get. They'd have to be a lot more profitable, a whole lot more, to pay that much better. And you want them to pay much more in taxes. The U.S. has the highest corporate taxes in the world but tax breaks reduce their tax burden. Do German companies also get breaks? And there's really no across the board comparison because the cost of living is also higher in Germany and different companies have different situations. FedEx has to have a very large workforce as delivering pkgs is labor intensive. It spends a huge amount on fuel. Compare German companies in the same situation if you can find them. And don't forget that Germany is part of the European Union where Southern European nations were very irresponsible with perks and benefits for their workers. The Germans are very resentful that their taxes are going to bailing out these countries. I'm not saying the U.S. doesn't have it's problems, and corporate executive compensation is way out of whack with the rest of the world. But in our system you either have to work your way up the corporate ladder, or get training in a specialty that pays, or start your own company with all the inherent risks. Or settle for less if you aren't willing to do the above. It's a competitive global market now and companies who don't hold down costs to provide affordable consumer goods or services are soon out of business. I didn't make this happen, I'm not thrilled that it has happened, but it's the reality we live in so please don't bite my head off.
Did it occur to you that the stock is higher because they are increasing profits and thus dividends making it more attractive to buy? Look at what they pay in total payroll, look at what they make in profit, and tell me how they are going to pay everyone so much more? Do the math, it doesn't add up. Exec salaries are a drop in the bucket, most of their compensation comes from stock options that they sell on the open market. Take away their pay, does it make it possible to pay everyone that much better? Well? You talk of what you want things to be, I'm talking reality. I believe they could've honored their promises concerning the traditional pension. But they didn't, it's over and done with. Where's the money coming from to pay everyone the kind of pay you think we all deserve? What gets tiresome is all the claims against the company not backed up with facts. Stick to facts and maybe all the rumors about a part-time workforce or twelve hour days with 5 hour splits wouldn't happen and get people all worked up.
But y'all seem to believe that those billions in profit should go strictly to the employees. 1 billion dollars would give 100,000 employees $10,000 each. OK, how many employees are there worldwide? If FedEx gave all the profit to the employees how much would each one get? Will employees be willing to take a pay cut in future downturns with less revenue? How does FedEx satisfy it's fiduciary responsibility to stock holders? Where does FedEx get the money to further expand the business to grow the revenue for future pay raises? How much is enough? Would $10,000 more a year satisfy employees or do they think they should be making as much as UPS? If the money is given to the employees in improved pay, will employees also want improved benefits? If so where does that money come from? If ever a union got in I'm betting these are some of the questions that would be asked in arbitration.
We've been down this road with you before. I'll say what my co-workers and myself feel is fair. We feel the current top out pay is fair, but there needs to be a specific progression. Not, well you'll get there, maybe in 25-30 years. Our health plan needs to be improved so we can actually afford to use it. We deserve a return to a defined benefit pension plan. I don't think that is asking too much from a company that claims it "takes care of its people".
But those tax breaks were in place long before FedEx started. FedEx couldn't and wouldn't exist without them. Do you think Fred S or any other entrepreneur would start a company just to give everything to the employees? Look at the total aftertax profit FedEx makes and compare it to what it pays annually in payroll. There's no way FedEx can compensate everyone to the amount many on here believe they should get. They'd have to be a lot more profitable, a whole lot more, to pay that much better. And you want them to pay much more in taxes. The U.S. has the highest corporate taxes in the world but tax breaks reduce their tax burden. Do German companies also get breaks? And there's really no across the board comparison because the cost of living is also higher in Germany and different companies have different situations. FedEx has to have a very large workforce as delivering pkgs is labor intensive. It spends a huge amount on fuel. Compare German companies in the same situation if you can find them. And don't forget that Germany is part of the European Union where Southern European nations were very irresponsible with perks and benefits for their workers. The Germans are very resentful that their taxes are going to bailing out these countries. I'm not saying the U.S. doesn't have it's problems, and corporate executive compensation is way out of whack with the rest of the world. But in our system you either have to work your way up the corporate ladder, or get training in a specialty that pays, or start your own company with all the inherent risks. Or settle for less if you aren't willing to do the above. It's a competitive global market now and companies who don't hold down costs to provide affordable consumer goods or services are soon out of business. I didn't make this happen, I'm not thrilled that it has happened, but it's the reality we live in so please don't bite my head off.
Who the @#*! Said that?
But if you top out everyone in 3 years or so as is often demanded here, and raise top-out to something closer to UPS, and get improved benefits, most of the profit will be gone. Do the math. Y'all want what you want without considering the cost. I'm just telling you the reality you don't want to face.
Son, I'll put the routes I've done and the numbers I've posted up against anything you've done. As for being old, I volunteered at age 46 to unload cans in hot and humid east Texas and did so for 4 years, including after putting in a stent to clear a 99% clogged artery. And at 12 I was picking weeds at a huge plant nursery for a dollar an hour, 35 hrs a week in the Florida sun. And have been humping ever since. You don't know what hard work is you jackass. I'm telling you the truth about the numbers, seems you're the one who can't handle it. Buy an effing clue.
I'm curious, if DRA is causing overtime, seems to me the work is getting stretched out and couriers are getting more OT. Doesn't sound efficient. So which is it?
By the way, the German postal service owns DHL and as such they can subsidize their operation with tax money. That gave them an unfair advantage so of course FedEx and UPS resisted them. But ultimately they couldn't compete in the States on the same scale as the more established companies. At least be honest. Collusion my ass.
Well Van, I think there are around 650 stations in the US. Engineers at most stations get paid to have us tell them how to switch around the DRA to the correct loops for them. Sounds like 650 to many jobs by my reckoning. I am sure there are many more jobs in this company except ours that could go away overnight and I guarantee we will be doing the same thing regardless everyday.
