Originally Posted by
PurpleToolBox
PM, clearly said how there's a balance between tying the company's hands at a time when they're most focused on competing and they're concerned about the overall company survival compared to its competitors. Will FedEx management compete better with UPS and DHL to preserve everybody's jobs..
I dont think there is currently an existential threat to FedEx’s survival(besides management). If there was, we wouldn’t be buying back all this stock and paying higher dividends. By competing, I think the true meaning is competing for the most profitable and highest share price possible partly due to outsourcing high cost labor. When said labor is outsourced, we will either need less pilots(didn’t preserve jobs), or will shrink due to attrition(No growth for new guys).
I get that we can’t reopen scope at this point in negotiations, and that our original priorities are being negotiated for. But this isn’t April of 2021 anymore. If they get a TA and it doesn’t pass, we need to re evaluate our priorities as a whole. Ive got 20 years left, I can wait a couple more if it means a more secure future. It really is a shame that like PM said, every month people are retiring with no pension increase. I really mean that. But, 56% of those people that retire every month voted yes in 2015 to a contract that didn’t raise then pension when they had a chance to.