Originally Posted by
fly2ski
I like how so many think it took 4 years to negotiate this TA. It took 1 week! That's when the company for some unknown reason threw their best and final offer on the table.
I find it really interesting that no one expected the timing of this...and no one from the union has brought up this point. I think there is no coincidence as to the timing of the offer. I said last fall to my friends we would have an offer around October of 2015, no sooner. The reason was the $1.7 billion dollar cost cutting announced in 2012.
FedEx Announces Programs Targeting $1.7 Billion In Annual Profit Improvement by End of Fiscal 2016
Pretty certain top level management was telling anyone below them to defer as many costs as possible, including large new contract payouts until after this period. They can then deliver on there promise to the BOD and shareholders and collect their bonuses...
I also would also bet a contract for multiple 757/767 sims comes out in November time-frame.
Just my thoughts.