Originally Posted by
757Slug
FedEx is going to have to cut everything in order to stay in the green. The lawsuits from the independent drivers are really going to cut into the bottom line and will put a financial burden on the company like it has never seen...
Five years ago the number was put at about 1.3 Billion a year to make them all employees annually. Fred is going to fight this battle very hard but has lost in every court case and the end is near. If he losses the class action lawsuit being filed in Indiana then things are going to get very difficult at FedEx. Sorry.
So, let's see...There are about 15,000 "independent contractor" drivers. And you say, five years ago it would cost $1.3 billion a year to make these 15,000, employees?
My calculator says that would be about $87,000 each, annually, in
additional costs.
That doesn't sound right.