When the coffee is bitter, just add some sugar and cream
11-02-2007, 08:16 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Apr 2006
Position: A300/310 Capt
Posts: 1,642
When the coffee is bitter, just add some sugar and cream
FDA Deposit Assistance
FCIF 07-0610 (Admin)
Issued: 11/02/07 1545z
Source: Bill Hauser
Suspense: 12/31/07
Approved: B H
As we learned from the establishment of our FDA in Subic Bay and as we
will all surely learn from our establishment of FDAs in Paris and Hong
Kong, there are certain unexpected idiosyncrasies that could not be
anticipated by either the Company or ALPA that nevertheless need to be
addressed in preparing to open an FDA abroad. In the case of both the
Hong Kong and Paris FDAs, it has become clear that, in order for pilots to
secure apartments in either of these cities, a substantial security
deposit may be required. Because it was never the Company's or ALPA’s
desire to see pilots use their entire “seed money” to reserve an apartment
for lease, the Company will provide deposit assistance to pilots up to a
maximum of $10,000 for those relocating to either of the new FDAs (Paris
or Hong Kong).
This assistance is intended to mitigate the financial burden placed upon
those crewmembers required to provide advance deposits of several months
rent to their lessor. This deposit assistance only applies to crewmembers
electing the enhanced option who are renting (and not buying) property at
the FDA. Details of how this assistance will be handled or distributed to
the lessors that require them have not been fully worked out. It is
preferable to provide the security deposits to the landlord directly and
then have them returned to Federal Express at the end of the lease or FDA
assignment, whichever occurs first. When we have more information on just
how that process will work, we will share it.
To take advantage of this assistance, you will be required to provide
proof of the dollar amount of the deposit requirement (i.e. lease
contract). Also, because monies distributed under this provision will be
considered to be monies of Federal Express, and, as such, will be due and
payable back to the Company upon completion of your lease or foreign duty
assignment, you will be required to sign an agreement to that effect.
B H
MD, Flt Ops
FCIF 07-0610 (Admin)
Issued: 11/02/07 1545z
Source: Bill Hauser
Suspense: 12/31/07
Approved: B H
As we learned from the establishment of our FDA in Subic Bay and as we
will all surely learn from our establishment of FDAs in Paris and Hong
Kong, there are certain unexpected idiosyncrasies that could not be
anticipated by either the Company or ALPA that nevertheless need to be
addressed in preparing to open an FDA abroad. In the case of both the
Hong Kong and Paris FDAs, it has become clear that, in order for pilots to
secure apartments in either of these cities, a substantial security
deposit may be required. Because it was never the Company's or ALPA’s
desire to see pilots use their entire “seed money” to reserve an apartment
for lease, the Company will provide deposit assistance to pilots up to a
maximum of $10,000 for those relocating to either of the new FDAs (Paris
or Hong Kong).
This assistance is intended to mitigate the financial burden placed upon
those crewmembers required to provide advance deposits of several months
rent to their lessor. This deposit assistance only applies to crewmembers
electing the enhanced option who are renting (and not buying) property at
the FDA. Details of how this assistance will be handled or distributed to
the lessors that require them have not been fully worked out. It is
preferable to provide the security deposits to the landlord directly and
then have them returned to Federal Express at the end of the lease or FDA
assignment, whichever occurs first. When we have more information on just
how that process will work, we will share it.
To take advantage of this assistance, you will be required to provide
proof of the dollar amount of the deposit requirement (i.e. lease
contract). Also, because monies distributed under this provision will be
considered to be monies of Federal Express, and, as such, will be due and
payable back to the Company upon completion of your lease or foreign duty
assignment, you will be required to sign an agreement to that effect.
B H
MD, Flt Ops
11-02-2007, 08:28 AM
#4
Gets Weekends Off
Joined APC: May 2006
Posts: 2,889
When I made reference to some union leadership thinking the pot would be sweetened, this is the kind of deal I think they envisioned.
Its still a bad deal for me, and I am not bidding it. We'll see if practice bid # 3 finds any more takers...
If anyone has a working spouse or a business, I cannot see how this could possibly work out in your favor. The Q&A (now removed) clearly pointed out income above and beyond your normal FDX salary would be taxed at local rates and not be subject to equalization. Any of you you with bright young spouses who want to work abroad better factor that into your cost/benefit matrix.
Its still a bad deal for me, and I am not bidding it. We'll see if practice bid # 3 finds any more takers...
If anyone has a working spouse or a business, I cannot see how this could possibly work out in your favor. The Q&A (now removed) clearly pointed out income above and beyond your normal FDX salary would be taxed at local rates and not be subject to equalization. Any of you you with bright young spouses who want to work abroad better factor that into your cost/benefit matrix.
11-02-2007, 08:47 AM
#8
Gets Weekends Off
Thread Starter
Joined APC: Apr 2006
Position: A300/310 Capt
Posts: 1,642
This move by the Company is the equivalent of circumventing the negotiations committee, and should not be tolerated by the Union. By letting the Company sweeten the pot after the LOA was negotiated and voted on by the pilots, sets a very dangerous precedent.
The Company threw a substandard proposal at the pilot group, in order to save money, and they miscalculated. To let them add things on top of the LOA without further negotiations, allows them to tweak the LOA up to the bare minimum that will be required to fill the slots.
Not coming back to the table with the Union, is just like calling up individual pilots and bribing them to bid the FDA. The Union needs to pull the plug on this type of tactic now.
The Company threw a substandard proposal at the pilot group, in order to save money, and they miscalculated. To let them add things on top of the LOA without further negotiations, allows them to tweak the LOA up to the bare minimum that will be required to fill the slots.
Not coming back to the table with the Union, is just like calling up individual pilots and bribing them to bid the FDA. The Union needs to pull the plug on this type of tactic now.
11-02-2007, 08:53 AM
#10
Trust but Verify!!
Joined APC: May 2006
Position: MD11 CRA
Posts: 684
"Not coming back to the table with the Union, is just like calling up individual pilots and bribing them to bid the FDA. The Union needs to pull the plug on this type of tactic now."
Yeah..and monkeys are going to fly out of my butt! The MEC is complicit in this substandard LOA and will not do anything that may get in the way of their proclaiming that the FDA's would go senior IMHO. You are absolutely correct though in your assertion that this should be addressed by them.
Yeah..and monkeys are going to fly out of my butt! The MEC is complicit in this substandard LOA and will not do anything that may get in the way of their proclaiming that the FDA's would go senior IMHO. You are absolutely correct though in your assertion that this should be addressed by them.
