XPO | Xpo Union Thread.

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Funny we sit here and read all those good thing about pensions (sarcasm) CCX promised this and the union promised that. As we can see and read a whole lot of these pension are failing and going broke.
The big lesson here is don't depend on anybody else, company or union, on you retirement. If you do not have 100% control of YOUR money then don't trust it will be there when you retire. Just look back and read all the unknowns about the pension here from CCX/Con-way
 
Our pension is fully funded. It's a single contributory plan which is safer than a multi contributory plan and fully insured at 100%
You work for USPS right? I've had a few postal people tell me. That at retirement they'll get 95% of their salary. Is that correct? Also they'll have medical coverage?
What union are you guy's under?
 
Funny we sit here and read all those good thing about pensions (sarcasm) CCX promised this and the union promised that. As we can see and read a whole lot of these pension are failing and going broke.
The big lesson here is don't depend on anybody else, company or union, on you retirement. If you do not have 100% control of YOUR money then don't trust it will be there when you retire. Just look back and read all the unknowns about the pension here from CCX/Con-way
Been screaming this from the rooftops.
 
You can say the pay stagnated durning deregulation, but you must admit the unions allowed to happen. They also had no choice since company after company was closing its doors.
UPS has how many companies that do the same thing they do. It 2 and one is not a big threat in the US. FedEx and DHL. Now list how many companies do what we do or is someway do what we do. Thats why the big pay difference.
When CCX open up there main sales point was next day. I worked at AF and our sales point was 550 miles next day. We made money hand over fist. Now that everyone does it there no sales edge now. The only sales edge is price and damage free and that it. There is nothing we do that ABF, YRC, or even FEDEX doesn't do. We have yo pay fair but also keep from closing the doors. At AF i know every time a LTL company closed we would got tons of extra freight and I'm sure this place did to.
Some might even remember how bad it got durning the teamster strike back in the 90s. I hate to say it but that strike help jump start a lot of the LTL companies like CCX and AF grow to become as big as they are now. Since that strike there are only two many companies still standing and one is struggling. That's why I believe the teamster is such a hard sell now because there past speaks loudly for them and the mounting pension problems doesn't help either.
We need a freight union that will forget about pensions and go modern by jacking up 401k contributions with the money that would've gone to pensions. You then have a sellable product. I would buy that
 
We need a freight union that will forget about pensions and go modern by jacking up 401k contributions with the money that would've gone to pensions. You then have a sellable product. I would buy that
In the case of abf, I think I read drivers there get $340 or close to that per week contributed to the pension fund. Imagine getting that per week added to your 401 plus the other bennies they get.
 
I don't see teamsters letting go of the pension. If only they had some competition from a transparent union outfit... unfortunately such an animal doesn't exist
 
We need a freight union that will forget about pensions and go modern by jacking up 401k contributions with the money that would've gone to pensions. You then have a sellable product. I would buy that
Where's the double like button at?
I've always thought that the pro union guys going simply after a pension is a waste of time. There are so many more important issues than that. A pension would be nice, but they are a thing of the past.
 
Where's the double like button at?
I've always thought that the pro union guys going simply after a pension is a waste of time. There are so many more important issues than that. A pension would be nice, but they are a thing of the past.
More important issues than a sound retirement?
 
I don't see teamsters letting go of the pension. If only they had some competition from a transparent union outfit... unfortunately such an animal doesn't exist
Teamsters have let go of traditional pension ( defined benefits plan ) in many cases for a enhanced 401k. Employers should have a decent retirment plan and the simple fact is Xpo does not for new employees. I think that most new unionized work place are opting for enhanced 401k like plans.
 
Again we Had a pension plan that was well funded and the company decided to freeze it . That was a choice they made to cut future cost for them . They enhanced the 401k and diminished the enhancement the first chance they got. These are choices made by a company to downgrade the plans to save cost. It is affecting the hiring and maintaining of a decent workforce at this point and leaves current workers without a well funded retirement. You can not rely on corporations to do the right thing Unless it is bargained.
 
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I'm facing retirement soon and let me tell you it sneaks up faster than you think. Make sure your prepared early.
 
Funny we sit here and read all those good thing about pensions (sarcasm) CCX promised this and the union promised that. As we can see and read a whole lot of these pension are failing and going broke.
The big lesson here is don't depend on anybody else, company or union, on you retirement. If you do not have 100% control of YOUR money then don't trust it will be there when you retire. Just look back and read all the unknowns about the pension here from CCX/Con-way
Pension and other retirement plans are part of your compensation package . Companies are not obligated to offer them. They are put forth as incentive to attract and maintain talent. Companies that recognize that generally reap the rewards of a dedicated stable workforce.
Yes you are as an employee responsible for overseeing your retirement funding but as a good talented worker it is not unreasonable to expect your employer to offer an attractive package for you or they lose you to the competition.
Con-way and now Xpo have made a bet that they can maintain you with a less than attractive package. You can continue to defend the bare minimum if it works for you but I think it's not for a good many and that's why we're losing talent to the competition and that my friend is not how solid companies are built.
 
More important issues than a sound retirement?
Job security for one...I've seen a guy fired for a certain infraction while other guys kept their job for the equal or even more severe infractions. We must make sure that discipline in equal for everyone and it's not a pick and choose situation.
If you don't have a job, you really don't need to worry about a pension.
Don't get me wrong, a pension is part of what I'd personally like to have but it's not the defining point for me.
 
Pension and other retirement plans are part of your compensation package . Companies are not obligated to offer them. They are put forth as incentive to attract and maintain talent. Companies that recognize that generally reap the rewards of a dedicated stable workforce.
Yes you are as an employee responsible for overseeing your retirement funding but as a good talented worker it is not unreasonable to expect your employer to offer an attractive package for you or they lose you to the competition.
Con-way and now Xpo have made a bet that they can maintain you with a less than attractive package. You can continue to defend the bare minimum if it works for you but I think it's not for a good many and that's why we're losing talent to the competition and that my friend is not how solid companies are built.
They have been pulling this crap for years, just a little at a time. From insurance copays, vacation, pension freeze/401k reduction, ICP, the list goes on. Sad part is most look at their paychecks bottom line and ignore the benifits package. A raise is useless if it all goes towards a cost increase for insurance. They have done a great job of thinning out the long term employees.
 
Job security for one...I've seen a guy fired for a certain infraction while other guys kept their job for the equal or even more severe infractions. We must make sure that discipline in equal for everyone and it's not a pick and choose situation.
If you don't have a job, you really don't need to worry about a pension.
Don't get me wrong, a pension is part of what I'd personally like to have but it's not the defining point for me.
Well put Sir I understand your point .
 
They have been pulling this crap for years, just a little at a time. From insurance copays, vacation, pension freeze/401k reduction, ICP, the list goes on. Sad part is most look at their paychecks bottom line and ignore the benifits package. A raise is useless if it all goes towards a cost increase for insurance. They have done a great job of thinning out the long term employees.
100% agree

Kinda like boiling a frog.
 
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