NLRB rules FedEx drivers are employees
02-02-2006 | 01:25 PM
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NLRB rules FedEx drivers are employees
Labor board rules FedEx drivers are employees: union
Thu Feb 2, 2006 3:39 PM ET
NEW YORK (Reuters) - FedEx Corp. <FDX.N> drivers in Northboro, Massachusetts, were wrongly classified as independent contractors, the National Labor Relations Board has ruled, according to the Teamsters union seeking to represent the drivers.
The union has argued drivers for FedEx Ground should be considered employees, making them eligible for overtime and other benefits.
FedEx has argued its approach toward its 14,000 drivers promotes entrepreneurship.
Shares of FedEx were down $1.17 at $98.57 in late trade on the New York Stock Exchange.
Thu Feb 2, 2006 3:39 PM ET
NEW YORK (Reuters) - FedEx Corp. <FDX.N> drivers in Northboro, Massachusetts, were wrongly classified as independent contractors, the National Labor Relations Board has ruled, according to the Teamsters union seeking to represent the drivers.
The union has argued drivers for FedEx Ground should be considered employees, making them eligible for overtime and other benefits.
FedEx has argued its approach toward its 14,000 drivers promotes entrepreneurship.
Shares of FedEx were down $1.17 at $98.57 in late trade on the New York Stock Exchange.
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