Yeah, cat fight. He viciously attacked anyone who disagreed with him about even a small part of what he was saying. And no, the RLA isn't about the length of the workday. But if FedEx came under fire for putting their employees in such a situation, do you not think every aspect of their business wouldn't be scrutinized? I don't know of any company doing such a thing, and if the RLA allowed them to force such schedules without fear of union reprisal even the Republicans would back away from supporting Fred if the public was outraged. But we'll never know because FedEx isn't stupid enough to risk it. Tell me again what has happened that R1a predicted?
A real wage progression such as UPS, or any other place I have worked at over the years. The company makes $ billions every year. There is no excuse for the non existent wage progression at FedEx. Btw we got 2% last year. With increases in premiums every year, that 2% gets eaten up anyway. The so called health care plan is only good if you are healthy. If you or any family member gets seriously I'll or injured, that's when you will see how " affordable" it is. More than $400 a month for this crap plan is hwy robbery. Bush maybe the worst president in history, but how is he responsible for Fred taking away our pension? That's all on Fred. You obviously haven't been around long enough to have a clue as to how much Fred has screwed his frontline workers.
Affordable as in better alternative than Obamacare. And Affordable as in will keep you from going bankrupt. To skate penalties from an overly generous plan, employees are being asked to shoulder more costs. Again, thank you Obama. Well the Bush analogy is used for everything so I figured why not. However, the traditional pensions almost everywhere are becoming troublesome. That capped with the fact that the markets are sketchy, your tattered 401k plan was never supposed to be a sole source of retirement income. And Washington has yet to ensure Social Security will be around longer than 2034. We need more jobs to fund SS.
I would be happy with 3 percent every year after I have topped out. Which should be no more than 5 years. Reinstate a defined benefit pension plan, and I real health care plan that we can afford to use, while cutting our premiums at least by 50 percent. That would make me happy.
I think we agree on something here. For a company the size of FedEx, guaranteeing 2-3% annually should not be an issue. But, you are also suggesting a wage progression scale first, before the annual raise, yes? By my math, a traditional plan under the old method of calculation would have employees making anywhere from 800.00 (on the low end) to 1,900 (high end) monthly. In the big scheme of things, with inflation this is peanuts. I think I would prefer a guaranteed contribution to a IRA (roth or not) instead of the traditional money. The optimist in me hopes I can get that with Social Security. As far an the healthcare, we are off.
Under the old plan a topped out employee who averaged $60k a year over his top 5 years would get $30k a year. With contributions to his 401k and Social Security he'd do ok in retirement. There are strategies to maximize income as well as lower personal expenses too. But with slow pay progression the mid-range employees aren't keeping up with inflation and aren't making enough to fund their 401k's well, unless they have a spouse making good money. We'll see people working much longer and Social Security will be the main source of their retirement income. If FedEx truly cared, and if true they can't afford the traditional pension, then at least they could offer a better match on the 401k and get people up to top out in a reasonable amount of time.
I agree with that. I see some guys still humping at age 57-63. All with 17 plus years in. They do a serviceable job, but it's no secret they have lost a step. As far as the mid rangers go. They tell me: "If I hung it up today, Express would send me a check for 696.00 a month for life." Sarcastically of course. In which I reply: "I hear Kiev is nice."
Another industry competitor or totally different industry. For the sake of anonymity.
I can dig that.
FedEx is an excise tax in 2018 levied for superior insurance coverage. The new plan being rolled out in 2014 is in part an effort to avoid that excise tax. Deductibles went up 700-2 grand on average. Which is bull, but still better than other options. You might be financially crippled after a medical emergency like that, but you won't go bankrupt.
