I’ve seen how quickly the CSO pension evaporated. I can’t imagine a 401K going quicker.
XPO | Xpo Union Thread.
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joes bar and grill
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You've never seen a " market correction" when funds lose 30 - 40 percent in one day?
Can't you move your money out of stocks into something less volatile? With T.Rowe Price you can. With Fidelity you can. I'm guessing you can with most financial companies that administer employee 401k plans.
Yes , his is main focus right now is quelling union activity. Him along with others are jumping from barn to barn right now trying stifle any possible votes from occurring. He is using any approach right now from flat out lies to offering deals with employees to put off any votes. It's his job .
Like I said. Company fire extinguisher..
Yes you can move them, problem is how fast and what they move them into before you have lost a certain amount. Like mine I lost a bunch from the turn down, and it has only taken me 8 years to get back to where I was in 08, Had a guy at work say yeah I lost it also but I made it back, right but what did you earn in those 8 years NOTHING you are back were you started 8 years ago . Many people don't have that amount of years to gain back what they lost
troubleman84
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We already do these things just not coming out of house then depends on supplement. We have utility drivers who are paid dollar more an hour on road runs with dock work. Velocity at Holland who are paid mileage then hourly on dock.
It would be cheaper and less of a hassle to offer employees industry leading pay , benefits , and work environment.
You wouldn't have to pay to fight off a union. You wouldn't have to pay to recruit employees. Productivity would be the best in industry. Turnover would plummet. Word of mouth would be awesome.
Now , I run interested people off like stray dogs. I tell customers the truth when it comes to damages. Friends and family talk as well ( it ain't good what they have to say )
It doesn't help that since XPO purchased Con-way there is a overwhelming lack of experience where it's needed: leadership and management
The focus is on getting numbers with no actual experience on how to get there and NO emphasis on experience based knowledge. Most of these people are winging it and won't listen to veteran employees. XPO Logistics is young and inexperienced in key management positions and at times arrogant. And focused on getting younger and less experienced by relying on yet to be proven computer programs and algorithms. Meanwhile the actual workforce ( drivers ) that needs younger people is getting thinned out , overworked , older , disrespected , and ignored for the value they bring to the table.
In the end it would make you MORE money to invest in who got you here and who is keeping you here. Upper management seems confused as to who this is.
At least you got it back. Can’t say the same for those in the pension.
Hollywoodz
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You may not believe this but I agree with you 100%. The company just doesn't get it. They have replaced anyone who knew anything about this business with numbers kids straight out of college. What looks good in the textbooks rarely works well on the street.
Fly-by-night
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Well he doing it at XHG
LTLIndentured
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Enron
The whole deal is they (ltl companies) believe they can retain employees and a quality product while compensating the bare Minimum . They want the "freedom " from you and me having any say in the matter. It allows them the " flexabiily " to be competitive . In another words it leaves them to be able to compete in the grand race to the bottom.
Our situation at Xpo is compounded by the fact we now have a Wall st . Tycoon who's soul purpose is to make his money before reinvestment into the company or the employees.
It's not that the business or profits are not there , it's how it distributed among the companies different levels.
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Is he at Xhg this week ?
Yes I did but I lost 8 years of earning's which isn't going to make or break me just cut my comfort zone down a little,if you know what I'm saying. Now the pension thing is something that I or we can't control and it is in a sorry state,just a short history of my self 42 years in the Teamsters 35 good paid in years (had some breaks in service) which will pay me approx 3800 per month SS will be approx 2400 per month and that's not counting my wife's SS . So if and when it happens to go broke and the PBGC (spelling) goes the same way it will have an effect on everybody since this country will probably go into a depression like the 30's. just due to the fact that NOBODY will have the money to bu much at all . Not trrying to get in a p==sing match just me thinking out loud and I do feel for the people that have been cut or may never see anything if something isn't done, Ok nuff said stay safe and enjoy life
Fly-by-night
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no I saw a post of a letter he sent to the barn. It was posted. I told pics of the letter but for some reason it wont let me add the pics to here
At the bottom, hit add images under remote upload images.
Fly-by-night
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Serene Gene
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You've said that more than once, and then you say this:
So which one is it?
Also, you never answered how the three policy changes you mentioned earlier (2017 PTO change, new cell phone policy, and social media policy) make money for the company at our expense.
Can you just admit you may have been throwing out just a little bit of hyperbole instead of facts?
Serene Gene
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It's 6 wins and 15 losses. I looked it up.
Just kidding, it's 16 losses. It seems that Erie withdrew their petition a few weeks ago. Must be those union busters again.
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