Originally Posted by
Stan446
Young new hires are leaving, hardly. Yep, leave a stable company with second year wide body pay to take a pay cut, face furloughs over a long career. Interesting how one post from management about how ops are back to precovid and people are saying the sky is falling. When the union puts out a contract, then vote. I talked to a 23 yr United guy last week, he's missed out on 9yrs total of contributing to his only form of retirement due to layoffs.
Sometimes timing sucks. It did for this particular guy. Talk to a current legacy new hire 23 years from now and he’ll likely have a very different story. And no, he won’t inevitably be beating on your door as many think they all will be; the days of feast and famine and queueing up to jump into the FedEx lifeboat are over.
Zoom out far past your small slice of life flying jets at FedEx Express. The story here, as others have mentioned, is how this company is being run and what long term planning is being done, if any. For example, the Ground debacle is looking like more of a bloody mess by the day, and I’m not sure there are strategies in place to fix it. If not, it will become more and more of a drag on the entire corporation. The sky isn’t falling for FedEx pilots, but “recession proof” might not be a word we continue to associate with FedEx. Anyway, just a concerned shareholder perspective, but there it is.