Fed-Ex Pay-cut - Page 3 - Truckers' Trucking Forum

Gearjammin' Penguin · **^ Top** #21 09.11.2009

Quote:

Originally Posted by RickG

I don't see FedEx trucks with the exception of FedEx Ground doubles passing anybody . All FedEx Ground and FedEx Custom Critcal are contractor owned . FedEx doesn't buy the fuel for them . I'm pretty sure FedEx Freight are governed .

Yes, and FXNational. We're company boys.

And BTW--the drivers got NO PAY CUT. So they didn't match our 401k for a year--big whoop. Mr. Smith knows who to take care of...and it's us.

eckz · **^ Top** #22 09.12.2009

Quote:

Originally Posted by KeithT1967

[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

FedEx delivers ominous new twist with benefit cuts

Fri Dec 19, 2008 4:26pm EST

[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link. 19 Dec 2008

By James B. Kelleher - Analysis
CHICAGO (Reuters) - Federal Express Corp's decision this week to force its salaried workers to take at least a 5 percent pay cut and to suspend its 401(k) match isn't just bad news for the shipping giant's employees.
Experts say the takebacks are an ominous sign of things to come at many other U.S. companies as businesses -- even healthy ones like FedEx -- adopt defensive corporate crouches in response to the worst economic downturn in decades.

I'm not a fan of unions by any means but its #### like what Fed-Ex is pulling that creates a need for unions. I wonder if "salaried workers" includes upper level Execs. I'm doubting Fed-Ex is hurting at all and suspect they are simply using this economy as a cover.

I believe that lots of companies are using the economy as a guise to take things away and increase profits for upper management. Ofcourse, that's personal opinion.

Gearjammin' Penguin · **^ Top** #23 09.16.2009

Quote:

Originally Posted by eckz

I believe that lots of companies are using the economy as a guise to take things away and increase profits for upper management. Ofcourse, that's personal opinion.

You are most likely correct--in most cases. However, at FX:

CEO = 20% cut.

Top Brass = 10% cut.

Line managers = 5% cut.

Drivers = NO PAY CUT, a few perks suspended(and a couple are already returning).

These guys know which side their bread is buttered on, for sure.

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

Similar Threads
Thread	Thread Starter	Trucker Forum	Replies	Last Post
JB Hunt - Lowell, Ar.	WiseOne	Report A BAD Trucking Company Here	1283	2 Weeks Ago 06.53 AM
Thinking of being a truck driver some questions?	rdutch	Questions From New Drivers	13	08.14.2008 05.45 PM
Heartland Express Does It Again, Raising Pay to a Whole New	Slowpoke1775	Trucking Jobs	45	07.04.2008 11.11 AM
Evaluating A Motor Carrier - The Interview	TurboTrucker	Experienced Truckers' Advice	30	05.26.2008 06.22 PM
Fed forecasts inflation, unemployment	Cybergal	Politics	1	02.20.2008 05.09 PM

Truckers' Trucking Forum/Message Board - The Premiere Truck Driver Forum

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)