By SAMANTHA BOMKAMP , 12.18.08, 11:57 AM EST
FedEx Corp. on Thursday announced more broad cost cuts - including salary reductions - as deteriorating economic conditions continue to drag down demand, warning the outlook for 2009 remains murky.
Chief Executive Frederick W. Smith said the company's earnings are "increasingly being challenged by some of the worst economic conditions in the company's 35-year operating history."
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Friday, December 19, 2008
Wednesday, December 3, 2008
Freight Leaders Overwhelmingly Endorse Economic Relief Plan to Save Members’ Jobs
December 3, 2008
On Wednesday, December 3, leaders of freight local unions from across the country overwhelmingly endorsed an economic relief plan for the YRC Worldwide Inc. (YRCW) companies that will protect tens of thousands of Teamster members’ jobs and their retirement security.
“Today’s overwhelming support clearly shows that local union leaders from every area of this country know how bad this recession is, and they are confident that this agreement will protect the livelihoods of our members and their families,” said Tyson Johnson, Director of the Teamsters National Freight Division. “No one wants to see wages get cut, but this agreement will help get the company through this deepening recession while protecting the jobs, health, welfare and pension benefits of our members.”
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At least the employees and the Teamsters are getting involved with YRC to help keep the company going. What input does FedEx want from you? We can all come to work one day and your VP could say " OK people we're giving you all a 15% cut on your wages and making you part time employees.What you say you don't approve of this ? Well that's the way its going to be and there's the door if you don't like it."
On Wednesday, December 3, leaders of freight local unions from across the country overwhelmingly endorsed an economic relief plan for the YRC Worldwide Inc. (YRCW) companies that will protect tens of thousands of Teamster members’ jobs and their retirement security.
“Today’s overwhelming support clearly shows that local union leaders from every area of this country know how bad this recession is, and they are confident that this agreement will protect the livelihoods of our members and their families,” said Tyson Johnson, Director of the Teamsters National Freight Division. “No one wants to see wages get cut, but this agreement will help get the company through this deepening recession while protecting the jobs, health, welfare and pension benefits of our members.”
Read more Click Here
At least the employees and the Teamsters are getting involved with YRC to help keep the company going. What input does FedEx want from you? We can all come to work one day and your VP could say " OK people we're giving you all a 15% cut on your wages and making you part time employees.What you say you don't approve of this ? Well that's the way its going to be and there's the door if you don't like it."
Monday, December 1, 2008
Labor Class's At LATTC
Strategic
Planning For
Unions
Dec. 6 & 13, 2008
At L.A.T.T.C.
400 W. Washington Blvd.
Los Angeles, Ca. 90015
(213) 763-7129
Planning For
Unions
Dec. 6 & 13, 2008
At L.A.T.T.C.
400 W. Washington Blvd.
Los Angeles, Ca. 90015
(213) 763-7129
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