FDX Mediation and Retirement Timing
I've heard recently that part of the reason FDX mgt filed for mediation suddenly is that under mediation any person contemplating retirement must give 60 days notice. The previous rule was 30 days notice if you wanted your retirement check to start the 1st of the next month otherwise tell them today, retire today. It passes the smell test since if this is true, they protect themselves from a mass exodus of guys in December.
Can any retirement experts verify? I know the Company has published the numbers of 400 guys over 60 and another 400 guys 55+ with 25 years. That's a potential for 800 guys to sing Jonnie Paycheck's song...."take this job and shove it."