FredEx Going on PR Offensive?

Fred Smith is going on the offensive to publicly stake out positions in defense of his company.  He has been on WashingtonPost.com talking about “leadership” He writes in support of more corporate tax breaks in the Financial Times.  The “energy security” think tank where Smith is co-chairman is commending its former board member and his naming to an Obama Administration post.  And Fred Smith is adding his voice to some of the more contentious legislative debates - the FAA Reauthorization Bill and the Employee Free Choice Act.

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FedEx Announces Salary and Retirement Contribution Freeze

FedEx Corp. today announced drastic cuts in pay and deferred compensation for most of its U.S. workforce.  Most dramatic for hourly employees, bonus compensation and the company’s 401(k) matching contribution will cease for 2009. This unilateral decision to stop 401(k) matches closely follows the June 2008 capping of FedEx Express employees’ defined benefit pension. Teamsters Vice President At Large and Package Division Director Ken Hall commented, “Many FedEx workers already see Teamster representation as a way to secure their future and these drastic measures will convince more of the value of a Teamster contract.”

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FedEx, Chamber of Commerce Publications on Contractors Contractor Dispute | Lobbying | National | Operations | |

In May 2006, the U.S. Chamber of Commerce released a publication on “alternative employment arrangements” like on-call workers, temporary workers and - of most interest to FedEx - independent contractors.  FedEx CEO Fred Smith “echoed” the Chamber report just days after its release in a speech before Chamber members in Washington.  This coordination between FedEx and the Chamber of Commerce marks another low-point in the attempts to misinform the public and politicians on “indepdenent contractors.”