FedEx is Laying Off

[acarpe3448]

Read in the paper this morning that 14,000 are being asked to leave early, or laid off. Any idea where all these jobs will come from. I guess the pilot outlook is not good for a little while longer.

 

[Steeler Fan]

What paper, if I may ask? I also heard that Mario was leaving the Pgh Penguins to play for the Rangers or Flyers...I hope you're wrong, but if you're right, please include your source.

Thanks

 

[acarpe3448]

It is in the Memphis Commercial Appeal.

 

[Spur]

Does not apply to pilots. I think everyone realizes we need to hire, but no one will authorize it with all the cost control measures in effect and forthcoming.

 

[52vincent]

I mostly looks like White Collar workers,mgmt. type. They are offering early retirement and nice severance payments. Here are a couple of sources for you to look at.
Nothing was said of any pilots being furloughed;however it is still early, things may change unfortunately.

Smartmoney

Reuters

Press Telegram

 

[busdrver]

Only salaried and management folks over the age of 50 are being given the opportunity to retire early or quit with an enhanced severance package. No involuntary layoffs (yet).

However, the chief pilot did put out an FCIF this morning saying there probably would not be any pilot hiring for awhile. See the other Fedex thread.

Here is the newspaper link

 

[acarpe3448]

I hope that no one thaught I was implying that pilots were to be laid off. It was clear from the article that this was a middle management kind of thing. I just hope my manager is one that chooses to take retirement. I think the pilots are safe from this. It is a shame that pilot hiring is not moving forward, I am getting real tired waiting it out in the South East Input.

 

[LearLove]

From what I see it looks like they are trying to clean house at the top end of the management salary scale. By offering early retirement with an inhanced package but not quite the full deal they save $$$ over time then bring in someone in there late 20's early 30's at a lower scale. Depending on who you talk to it can be good or bad.

I had a girlfriend in college who's mom was in the same position with an electrical company back in the mid 90's. She was a senior engineer in management and 51 years old with 27 years there. Her mom was one of thoes types who had the house paid for and no other bills so it worked out great. She got a good retirement and then turned around and started her own consulting bizz. Her biggest client is the same electric company she used to work for, now she's swimming in $$$.

Same thing with a neighbor back home in PA. He took early retirement from McNeil (drug co.) and went to law school at age 54. Now 8 years later he does contract laywer services for local firms and spends the rest of his days with the grand kids and fishing off his boat on the jersey shore. Not a bad gig if you ask me.

 

[LEROY]

Well there goes my idea of getting on the property as a desk jockey while I drown-proof in the pool...anybody know if they're still hiring "hubbites"?

 

[Goose17]

box tosser

There is a permanent sign looking for hubites. Help wanted is continuously displayed as I believe there is a lot of turn-over.

Goose17

 

[General Lee]

Didn't huck say his friend said there would be possible interviews in the Fall?
Here's the quote:


"OK here's what I heard - a good friend talked to a training guy that works on interviews (he did my CRM exercise). He swears we'll be running classes in August. Don't know how many or how long. That's all I got, boys. Back to your meals"


He needs better friends.

Bye Bye--General Lee

 

[AlbieF15]

Fact is you can hear a lot of rumors, both good and bad, regularly...

Flt Ops need guys, and tells training to "be ready" for the next upgrade wave. Latest rumors are replacements for 727 are getting closer....

I don't think Huck had idiot friends. The place just crawls with conflicting information. Anyone who has been deployed to SWA knows about replacment slips, tanker delays, and the dreaded "home by Christmas" phrases... I try not to be too hardened or cynical, but at FedEx the best policy for worrying about hiring, upgrades, or new airframes is "believe it when you see it". The rumors here remind me a lot of the "going home" rumors we used to get while in the Desert, and after a while you learn not to believe anything until flying West out of the theater.

Good news is jumpseat battle appears largely over, and perhaps offline can start again soon. The offline soon part is STRICTLY speculation, but ALPA has appeared to have gotten most if not all of what they wanted Re: jumpseats.

Fly safe.

 

[LEROY]

Albie, Huck, Goose, Mailman, et al,
Thanks for the insights from the inside...keep us alive out here in the pool; your words are keeping us afloat.

Somebody pass that MROD, I'm getting thirsty. And WHEN we get to Memphis, fellas, I'll buy the first round!

 

[AA717driver]

Albie--

I was at the National Jumpseat meeting in D.C. in Feb.(still don't know why they could'nt have picked somewhere with sand...) and they said they just about had CASS approved which would have allowed off-line cockpit jumpseat.

It's still not here... I'm sure you can thank the gov't for that one. The TSA is probably responsible.TC