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What Your 2% "Raise" Really Means
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<blockquote data-quote="MrFedEx" data-source="post: 640202" data-attributes="member: 12508"><p>Fred has announced we're getting our 2% in January, 2010. The 401k and match are also coming back. That's nice, but we've essentially gained nothing. Your health care deductibles went-up significantly, your hours have (generally) been cut, and we still don't have a retirement plan. Don't forget that extra 7/10th's of a stop per hour too. For the math-challenged, that's 7 extra stops daily given a 10 hr workday. If you do a resi route, that's a lot. Please include your unpaid but worked lunch breaks when you get all excited about the 2%, OK?</p><p> </p><p>If anyone was paying attention, your Pretend Pension Plan (PPP) is still the same, which means that your hamster might be able to retire on the PPP payout, but you'll be living in your car when you hit 60.</p><p> </p><p>Fred still has us exactly where he wants us, and until the RLA gets resolved, 2% is all we'll get. If the RLA decision goes against FedEx, watch how Fred will miraculously decide to be much more generous than he is now. That's because he knows that giving us a 10% raise will still be cheaper than a union contract....one that has a true retirement. </p><p> </p><p>Let management crow about how wonderful and magnanimous they are to even give a raise during a recession, and then remember the 15 to 20% you've <em>lost</em> through stagnant wages and the loss of your traditional pension. Smith is still <strong>ahead </strong>by about 12-15% overall, because we are so damned ignorant as a workforce. </p><p> </p><p>For those of you who believe the PR spin and that "FedEx Cares", I feel sorry for you. If I could, I'd reach through this screen and try to shake some sense into you. We need a union.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 640202, member: 12508"] Fred has announced we're getting our 2% in January, 2010. The 401k and match are also coming back. That's nice, but we've essentially gained nothing. Your health care deductibles went-up significantly, your hours have (generally) been cut, and we still don't have a retirement plan. Don't forget that extra 7/10th's of a stop per hour too. For the math-challenged, that's 7 extra stops daily given a 10 hr workday. If you do a resi route, that's a lot. Please include your unpaid but worked lunch breaks when you get all excited about the 2%, OK? If anyone was paying attention, your Pretend Pension Plan (PPP) is still the same, which means that your hamster might be able to retire on the PPP payout, but you'll be living in your car when you hit 60. Fred still has us exactly where he wants us, and until the RLA gets resolved, 2% is all we'll get. If the RLA decision goes against FedEx, watch how Fred will miraculously decide to be much more generous than he is now. That's because he knows that giving us a 10% raise will still be cheaper than a union contract....one that has a true retirement. Let management crow about how wonderful and magnanimous they are to even give a raise during a recession, and then remember the 15 to 20% you've [I]lost[/I] through stagnant wages and the loss of your traditional pension. Smith is still [B]ahead [/B]by about 12-15% overall, because we are so damned ignorant as a workforce. For those of you who believe the PR spin and that "FedEx Cares", I feel sorry for you. If I could, I'd reach through this screen and try to shake some sense into you. We need a union. [/QUOTE]
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