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FedEx Discussions
We need to demand hazard pay
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<blockquote data-quote="vantexan" data-source="post: 4434490" data-attributes="member: 24302"><p>Don't know the current numbers but when FedEx had about $53 Billion of total income it's payroll was close to half of that. So if shelling out about $26 Billion a year in pay then how with the profit at anywhere from hundreds of millions to about $4 Billion then how can they pay every courier $30 hr with premium insurance to boot? There used to be about 70,000 couriers. If they all worked exactly 40 hours at $30 hr for 52 weeks a year you're looking at over $43 Billion! Before we start arguing about how many are part-time there are a lot more employees than couriers, and I didn't even mention OT or benefits. And FedEx has huge fuel and vehicle costs too. Honestly we took it on the chin all those years with minimal raises. But the current pay plan is about as good as you could hope for. And with the current crisis things are beyond the company's control. It will take longer to top out because the company isn't going to shell out more than it takes in. Do the math. I want all of you guys to get as much as possible. But it's labor intensive work that requires a large workforce. So there's only so much to spread around. And why they are shifting work to Ground to ultimately reduce hours and total employees. If we end up in a depression don't expect great pay and a decent retirement. You'll be fortunate to have a job.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4434490, member: 24302"] Don't know the current numbers but when FedEx had about $53 Billion of total income it's payroll was close to half of that. So if shelling out about $26 Billion a year in pay then how with the profit at anywhere from hundreds of millions to about $4 Billion then how can they pay every courier $30 hr with premium insurance to boot? There used to be about 70,000 couriers. If they all worked exactly 40 hours at $30 hr for 52 weeks a year you're looking at over $43 Billion! Before we start arguing about how many are part-time there are a lot more employees than couriers, and I didn't even mention OT or benefits. And FedEx has huge fuel and vehicle costs too. Honestly we took it on the chin all those years with minimal raises. But the current pay plan is about as good as you could hope for. And with the current crisis things are beyond the company's control. It will take longer to top out because the company isn't going to shell out more than it takes in. Do the math. I want all of you guys to get as much as possible. But it's labor intensive work that requires a large workforce. So there's only so much to spread around. And why they are shifting work to Ground to ultimately reduce hours and total employees. If we end up in a depression don't expect great pay and a decent retirement. You'll be fortunate to have a job. [/QUOTE]
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