Monday, April 29, 2019
Saturday, April 27, 2019
FedEx Freight Drivers in Stockton Say "Yes!" to the Teamsters, Again.
In a shocking turn of events, FedEx Freight drivers in Stockton, Ca voted overwhelmingly to continue their union membership on April 26, 2019.
The decertification vote followed a substantial anti-union effort by the company which included showings of anti-union videos, group anti-union meetings, one-on-one anti-union ride alongs, as well as a barrage of new hires in an attempt to stack the vote in their favor. The company has also delayed yearly raises for the Stockton drivers citing ongoing negotiations with the union even though non-union service centers received their annual raises on time.
Despite the company's vigorous attempts to sway the vote, the drivers voted 31-16 in favor of remaining in one of the nation's strongest unions, the Teamsters. The landslide victory sends a clear message to the company, your belittling voice of intimidation will never be as loud or as strong as the voices of organized and empowered employees.
The Fedex Stockton drivers and the Teamsters look forward to ongoing negotiations with the company.
Thursday, April 25, 2019
SBO MEETINGS THIS WEEK ARE A SHAM
This week at our San Bernardino Ca. terminal, drivers were asked to attend a so called"Meeting ".
When drivers arrived to these meetings they were introduced to FedEx lawyers! Who were there to ask questions about a on going class action suit!
The suit pertains to lunches , breaks and personal cell phones used for company business. Some drivers felt sideswiped by the dishonesty of management!
The lawyers on the onset said that they were not there to represent the employee , but to represent FedEx. They, the drivers, were given the option to answer the questions or to not participate at all.
If you do participate, please beware of what you say and what you sign. Especially if you sign a statement of what you have just said. This could be used against you later on. Remember those lawyers are there representing FedEx "Not Us"
These lawyers were in Fresno about three weeks ago. So they are most likely to arrive to most of California.
When drivers arrived to these meetings they were introduced to FedEx lawyers! Who were there to ask questions about a on going class action suit!
The suit pertains to lunches , breaks and personal cell phones used for company business. Some drivers felt sideswiped by the dishonesty of management!
The lawyers on the onset said that they were not there to represent the employee , but to represent FedEx. They, the drivers, were given the option to answer the questions or to not participate at all.
If you do participate, please beware of what you say and what you sign. Especially if you sign a statement of what you have just said. This could be used against you later on. Remember those lawyers are there representing FedEx "Not Us"
These lawyers were in Fresno about three weeks ago. So they are most likely to arrive to most of California.
Monday, April 22, 2019
It's decision day for FedEx's voluntary employee buyouts
Today, FedEx employees have learned who will leave as part of the company's voluntary buyout.
The Memphis-based shipping and logistics giant announced cost-reduction actions — which included a voluntary buyout program for eligible U.S.-based employees — during its second quarter 2019 earnings call, held in December 2018. Monday, April 22, was the date employees would reportedly find out who would be leaving the company.
The departures are expected to start in May and occur in phases. When asked about the buyouts on Monday, a spokesperson for FedEx simply told the Memphis Business Journal the company didn’t have anything additional to share. FedEx has not released any information regarding the number of employees leaving.
Trip Miller, managing partner at Memphis-based hedge fund Gullane Capital Partners LLC, which holds FedEx in its fund said he views the employee buyout as a win/win for both employees and the company.
“Employees get a very attractive buyout and, obviously, the ability to go do other things or take truly an earlier retirement,” Miller said. “And, to FedEx, as Alan Graf [CFO for FedEx] has pointed out, it is a tremendous cost savings."
In terms of downsides, Miller said there could potentially be a negative impact to employee morale, and that anytime there is a buyout a company runs the risk of losing some great talent. But, he reiterated, overall this move by FedEx is positive.
FedEx’s third quarter 2019 filing with the U.S. Securities and Exchange Commission (SEC) from March stated in part:
“During the third quarter of 2019, we began offering voluntary cash buyouts to eligible U.S.-based employees in certain staff functions. The U.S.-based voluntary employee buyout program includes voluntary severance payments and funding to health care reimbursement accounts, with the voluntary severance payment calculated based on four weeks of gross base salary for every year of continuous FedEx service up to a maximum payment of two years of pay.”
In previous filings with the SEC, FedEx stated the voluntary buyout program was expected to have a pre-tax cost of $450 million to $575 million. Savings from the buyouts are anticipated to be between $225 million to $275 million on an annualized basis starting in 2020 for FedEx. Executives have also mentioned that similar buyout programs could occur for FedEx employees in its international regions.
“I think you will see this offered up and rolled out in even a broader scale over the year to come,” Miller said. “There is a lot of excess capacity in the FedEx system from an employment standpoint that, again, this is a win/win for employees and for the company.”
FedEx has more than 450,000 employees who serve more than 220 countries and territories
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