During the 90's as many here know we went about 4.5 years without raises for topped out employees. I remember Fred S telling us one year during that period in the World Wide Update that if he gave a 2% raise to topped out employees it would cost the company an extra $30 million a YEAR, and they just couldn't afford it. That same month FedEx announced that they had achieved their first $250 million dollar profit in one QUARTER.
What cactus said, then we get blown out.
Sounds real typical of Memphis.During the 90's as many here know we went about 4.5 years without raises for topped out employees. I remember Fred S telling us one year during that period in the World Wide Update that if he gave a 2% raise to topped out employees it would cost the company an extra $30 million a YEAR, and they just couldn't afford it. That same month FedEx announced that they had achieved their first $250 million dollar profit in one QUARTER.
That just about sums it up.
We can't give you a raise but, we can buy new, more fuel efficient, aircraft.
During the 90's as many here know we went about 4.5 years without raises for topped out employees. I remember Fred S telling us one year during that period in the World Wide Update that if he gave a 2% raise to topped out employees it would cost the company an extra $30 million a YEAR, and they just couldn't afford it. That same month FedEx announced that they had achieved their first $250 million dollar profit in one QUARTER.
I remember this, going without a pay increase for 5 years. We should have seen the writing on the wall.....
True, they finally did come through with pretty good raises for topped out employees. Then they crapped on mid-range employees to pay for those raises, and they made sure through lobbying that they'd never have to worry about a union again. We like to say that the older employees have a better work ethic, etc but truth is that older employees have something to work for, while younger ones don't give a damn because they're getting a raw deal. What a joke this has all become.
They finally came through with a raise only when we were threatening to go union in 1996-97. Think that maybe we should have voted it in? Of course, we never got the chance to vote because of the fast one Fred's buddies in Congress pulled with the FAA Reauthorization Act. Oh, yeah, and the Teamsters fled like their panties were on fire.