Fed Ex
 

More chewable grist for those of you with years remaining...

FedEx Pilots Approve 6-Year Contract With Bonuses, Raises - Bloomberg Business

They ratified it with only 57%.

Pay? Benefits? QOL +/-? These easily accessible for what was voted in?

This part that I read I liked:

"Regardless, this contract "raised the bar" for the airline industry! Second year First Officers making $133 NB and $163 WB an hour. By end of contract a 15 year WB FO making $237 an hour and WB captain making $335 an hour! Wow and congratulations"

Pay raises are 10,3,3,3,4,3

$134million in signing bonuses

Total increased cost for 6 years is 1.67 billion

Intl override increase to $10/hr for captains, $8 for FOs

And I believe it said $100/CH for first year new hires.

Small per diem increases

If and when our contract extension ta comes across the table, you need to ask yourself one question. How is this contract being funded? If you can honestly answer that question you are on your way to an educated contract vote of gains vs losses without first turning to section 3.

Those Fed Ex pay rates aren't free.

where is it coming out of? Diluted retirement benefits?

The pay raises are basically to keep pace with inflation. The 10% gain is because this contract was approved 3 years after the amenable date. The 3% gains are designed to keep pace with inflation. There was no raise. FedEx pilots realized they have hit the top of the scales and aren't asking for crazy raises like Delta is.

As stated in the article, "FedEx is banking on lower costs from new airplanes and increased productivity to help offset the expense of the new contract."

[QUOTE=iahflyr;1997543] There was no raise. FedEx pilots realized they have hit the top of the scales and aren't asking for crazy raises like Delta is.

Crazy raises? And yes u are entitled to your opinion. But I would say 65% of the pilots voted no for a variety of reasons to include cuts in profit sharing to pay for raises which are still BELOW 2000 levels. Crazy raises, I think not.

I can only hope you're not a United pilot. If you took some time to educate yourself and maybe talked to some DAL pilots you would find out it wasn't just about the rates but the scope/SL/QOL items that you never get back. Not to mention the changes in PS which would dilute the raises. Also FedEx still has an A plan.

Over 96% participation, 57%/43%... FedEx management hit the ball out of the park!!!

In all honesty inflation has been less than 3% except for 2011 when it was 3.2%.

2014 1.6
2013 1.5
2012 2.1
2011 3.2
2010 1.6
2009 -0.4

Inflation hasn't been close to 3% for a LOOOOOONG time

Whoops, beat me to it

Increased productivity for one. They now have 6 week bid months. The entire holiday season will be covered by one bid.

Also they're years past their amenable date. The increase pay should've happened a while ago so without nuking out the math they're losing money if they'd ratified this same contract on time.

5 year delay to a 57% ratification. Their mgmt def won this round.

Just to let you guys know, much of what is being posted on here is not accurate. For starters we didn't go to 6 week bid periods.


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Fed Ex
 

We were 2.5 years past amenable date. As a WB Capt. I'm getting a $39,000 signing bonus. My hourly rate goes to $286 on 01NOV. I'm ANC based so every trip has a $10/hr override.


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Congrats! Well deserved!

Was that removed from the TA somehow?

Edit: Interesting, a few clicks and I'm educating my FedEx buddies. I stand erected.
https://fdx.alpa.org/Home/Content/Co...-10-14-15.aspx

Do you have a reference for that? "The Negotiating Committee said ..." won't hold water for an arbitrator. Where does the TA, err, CBA say that?


Nowhere.






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Now who at Delta was/is asking for "crazy raises?" You know nothing of which you speak. Stay in your lane. Delta pilots did not like the concessions and voted a TA down by a margin of 2-1. Not one of them I know said it wasn't enough money.

Guys that voted no will say that letter isn't worth the paper it's printed on. I prefer to take it at face value.


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Guys who voted No will say as soon as the Scheduling Committee asks for a single 6-week bid period, the genie will be out of the bottle.

It boggles my mind that this process had to involve "What we meant to say ..." letters.






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