DE Shaw is pulling all the strings. Look up what a proxy fight is. FedEx has a non binding agreement with DE Shaw to prevent one. But this gives Shaw all the power. It’s why they now have 3 members on the board. They’re all about cutting costs and providing value to shareholders. $3.3 billion in FY24 alone. The company is in pure chaos trying to implement DRIVE and network 2.0 because of Shaw. If they don’t… proxy fight and management and the board could be replaced entirely.

Any historical precedent by FedEx or FWS is no longer relevant. The barbarians are at the gates now.

 

I agree with what pinseeker said. I am a no vote too but I am also realistic that most of the TA was completed during Covid drunk money. So I am realistic that the company will go after even more cost savings. The company really knows what their plans are down the road. The negotiators and crew force have to try and decipher what they will do, and even then they can change things up. How did it work out with the big bid everyone thought they would be widebody captains in five years.

This is the 4th down turn I have seen since working here, same story different name and players. Cutbacks and reduced spending, every drop or penny counts.

Eventually the economy will turn around and FedEx will be drunk again and spending money right and left to catch up.

The big question for us is we have a TA with holes in it. If it gets voted down how much bigger are smaller will the holes get.

Everyone wants to throw out the negotiating committee and the MEC. With who? Who are the A Team that is going to take over? Tony C can’t do everything!

 

The best among us tend not to step up to the plate, because we often have other things going on. When this fails, we will be compelled to step in. That is all. carry on, and fret not.

 

I know we are aligned on this TA but sometimes the difference between fantasy and reality is lack of imagination. How many times have your heard someone say I never dreamed something might end up like this?

I'm not prone to flights of fancy or believing there's a monster behind every bush, but brother management is shaking the tree. 4 base closures, a massive down bid, and public statements about not buying aircraft and using "partner lift". No one is making that up and assuming as the NC and MEC would have you that these are just practical adjustments to a downturn in volume seems more than a little naive.

It might take 2 years as you say and opening all the sections. They also might have another offer ready to go right after we reject TA1. You may not believe that likely, but its certainly a possibility.

 

The idea that we can't do a LOT better is just silly. The cost of this TA is not just in dollars and QOL, it will literally be in the form of jobs lost, moving seniority the wrong direction, among other tangibles. The question we should be asking is how long do we think it will take to fix this POS. The answer is, it will never get fixed. EVERY contract here is concessionary, and a little, or a lot, less than the last one. The next one will be worse than this one if, heaven forbid, we buy off on the fear porn.

 

You are just one ray of sunshine aren't you. Jobs lost is this TA passes, where's that other than the fear on this board. If the company is bent on job reductions, this TA isn't going to stop them. If the company is going to be broke up as some claim, this TA isn't going to stop that. So this TA automatically makes the next TA concessionary? But, if you feet that negotiating again if this TA fails is the right move, ok. I suggest then that the NEW TA you dream of be a 25 year contract so there will never again be a concessionary TA.

 

If this was any other platform I would swear yours was a parody account. No one can be this obtuse naturally, it has to be contrived. The purpose of a union, and the contracts they provide, is job protection first and foremost. Your position seems to be one of "who cares about jobs, I got mine and will retire anyway". Essentially, FU to everyone else. The company has announced its plan to cut jobs, and it has provided the contract language by which it will do so. If you choose to ignore that, it is a willful ignorance, which, of course, is the definition of stupidity. Let's not be stupid.