History of Pay Increases at Fed Ex
06-06-2006 | 05:15 AM
#1
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Gets Weekends Off
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From: MD11 F/O
History of Pay Increases at Fed Ex
Our negotiated contract in May of 99 gave us the only raises in my tenure at Fed Ex.(10 years) Can anyone tell me what pay increases were given to the pilots before that?
06-06-2006 | 05:36 AM
#2
Gets Weekends Off
Joined: May 2006
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FWIW....
Gas has gone up 50% in a year.
My house (and other homes in this area...) have doubled since 1998.
My company's profits have increased every year since 2001. At the same time, they want to quadruple my health costs but add 3% to my pay.
Do the math--as an industry we are making 40-50% of what our guys made in 1990.
My negotiating committee speaks for me....
Gas has gone up 50% in a year.
My house (and other homes in this area...) have doubled since 1998.
My company's profits have increased every year since 2001. At the same time, they want to quadruple my health costs but add 3% to my pay.
Do the math--as an industry we are making 40-50% of what our guys made in 1990.
My negotiating committee speaks for me....
06-06-2006 | 06:41 AM
#3
Line Holder
Joined: May 2005
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From: Retired FDX MD11 Capt
I was hired in 1990. At some point shortly thereafter we got a 2% pay raise (I think). In 1995, when we entered self-help under ALPA I the company imposed some parts of its last contract proposal. Specifically, another very small (2%?) pay increase + they increased the longevity ladder to 15 years (meaning it now takes three more years to make top pay).
Last edited by ClutchCargo; 06-06-2006 at 06:45 AM. Reason: punctuation error
06-06-2006 | 07:19 AM
#4
Trust but Verify!!
Joined: May 2006
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From: MD11 CRA
Let's see. 2% in 1990, 2% more in 1995. That's a total of 4% over a 9 year period. If you use the cost of living formula that FedEx told us to when planning for our retirement than it goes up 3% a year. So, by their own admission, our costs went up an estimated 27% and they gave us a 4% raise. Looks like pilot's buying power decreased by 23% while FedEx made record profits. I wonder what kind of bonuses and raises upper management were given during the same time frame?
Fast forward to today. We are 2 years past the end of a 5 year contract that gave us about a 17% pay increase. So, in a period of 16 years, we have seen raises of 21%. According to FedEx's own formula, the cost of living has gone up 48%. This equates to a total loss of 27% of our buying power. In other words, while FedEx has set record profit levels every one of these years, and upper management have secured huge pay and bonus increases for themselves, we have actually taken a pay cut by default.
This is why I choose to stay home on my days off, and why I can't understand those that continue to fly extra.
Fast forward to today. We are 2 years past the end of a 5 year contract that gave us about a 17% pay increase. So, in a period of 16 years, we have seen raises of 21%. According to FedEx's own formula, the cost of living has gone up 48%. This equates to a total loss of 27% of our buying power. In other words, while FedEx has set record profit levels every one of these years, and upper management have secured huge pay and bonus increases for themselves, we have actually taken a pay cut by default.
This is why I choose to stay home on my days off, and why I can't understand those that continue to fly extra.
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