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Old 03-24-2011 | 06:22 AM
  #62567  
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Launchpad475
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From: SEA7ERB
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Anyone have anything more specific?






FedEx and its pilots secured labor peace, at least for another year or two, with union approval of contract amendments Wednesday.

The agreement will run one year or two, at the union’s option, and provide for 3 percent annual raises, 1 percent lump sum payments up to $2,600, new safety programs and expanded foreign duty assignments.

The pact, hammered out by FedEx management and the Air Line Pilots Association in less than six months, was approved by about 68 percent of pilots participating in the vote. The union, which represents 4,500 FedEx pilots, said more than 84 percent of members cast ballots.