Hi ced,
glad to see you still check the site, hope all is well in cdg. Have you logged into the fedexacmx site that puts those stickers in the acft logbooks? I have checked the site and it seems they are looking for more info than I am willing to give up right now. I have also been in touch with other fedex amt's in SoCal and they feel the same way. Maybe we are missing out, but it just seems a bit creepy for all of the info needed.
Third Seat Hero,
Some of the stuff that fedex has done lately that is giving everybody a very uneasy feeling maybe mundane, or not, but here are some examples:
A) just a couple of years ago they pulled shift differential from new hires to "cut costs"
B) about the same time they had a big push with the retirement pention
plan and did the following: existing employees were offered the choice of staying with the traditional plan or switching to the newer portable plan that is no good and does not pay as much at retirement. obviously all existing employees chose to stick with the current traditional plan and the new hires did not have a choice, they were only given the new plan.
C) last month fedex made the decision to FORCE all employees to the new portable plan and stopped the traditional retirement for everybody. This one was a big blow since the pay off is WAY lower.
D) the new retirement plan works by adding a percentage of your annual pay into a fund. During this transition from the old plan to the new plan fedex is tossing in extra percentage "credits" to help with people over 40 years old and these extra credits are good for the entire time they are working for fedex, even if it's the next 25 years. This is done so that people 40 and above will have the chance to "catch up". Yes that is good, IF you are 40 yrs old and above.
E) THE BIG SCREW: if one is under 40, even by one day, they are not given the extra percentage. It does not matter how long you have been with the company, if you are under 40, you are screwed.
An amt with 5 years and over 40 will be getting double the percentage toward his retirement. The amt that has 15 years and is not quite yet 40 will be getting half the retirement of the "new hire". That's jut wrong!!!
F) the smaller stations are being contracted to vendors.
G) the Subic Bay amt's will be getting dumped and replaced by contractors from China, no kidding.
Keep in mind that fedex keeps posting record profits, constantly.
Here is one example of company "fleecing" by fedex officers:
This person exercised 31,000 stock options for half price and on the same day sold them back for full value and made $3.6 million.
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http://biz.yahoo.com/t/48/6759.html <---------
You'd have to imagine that there sitting back watching us fight over who gets a few extra crappy percentage points toward our retirement and can't stop laughing.
There is more, but this is long enough for now.
