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<blockquote data-quote="bacha29" data-source="post: 5558888" data-attributes="member: 58386">Glad you spotted that little but very impactful wrinkle in the press release. The current holding company Fedex Corp will dismantle the OPCO&#039;s it holds and controls. Out of the dismantling of the OPCO&#039;s will emerge the new Federal Express Corporation. The intent will be to limit it&#039;s exposure to litigation that could emerge from it&#039;s restructuring. For those who are offered severances,&nbsp; those severances will likely be tied to the condition that in exchange for the severance pay the company is absolved of any future claims made by the employees.As for the pension and healthcare obligations regarding current and soon will be Fedex retirees?.....If they could find a way to beat you guys out of your benefits.....do you actually believe they won&#039;t try it? Why do you think they are creating a new company?&nbsp; Think of it in terms of the &quot;old&quot; General Motors and the &quot;new&quot; General Motors.</blockquote>

[QUOTE="bacha29, post: 5558888, member: 58386"] Glad you spotted that little but very impactful wrinkle in the press release. The current holding company Fedex Corp will dismantle the OPCO's it holds and controls. Out of the dismantling of the OPCO's will emerge the new Federal Express Corporation. The intent will be to limit it's exposure to litigation that could emerge from it's restructuring. For those who are offered severances, those severances will likely be tied to the condition that in exchange for the severance pay the company is absolved of any future claims made by the employees. As for the pension and healthcare obligations regarding current and soon will be Fedex retirees?.....If they could find a way to beat you guys out of your benefits.....do you actually believe they won't try it? Why do you think they are creating a new company? Think of it in terms of the "old" General Motors and the "new" General Motors. [/QUOTE]

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