Fed Ex
10-21-2015 | 10:49 AM
#1
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(retired)
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Fed Ex
More chewable grist for those of you with years remaining...
FedEx Pilots Approve 6-Year Contract With Bonuses, Raises - Bloomberg Business
FedEx Pilots Approve 6-Year Contract With Bonuses, Raises - Bloomberg Business
10-21-2015 | 07:18 PM
#4
Stuck Mic
Joined: Dec 2013
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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
"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
10-22-2015 | 02:19 AM
#5
Gets Weekends Off
Joined: Nov 2010
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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.
Those Fed Ex pay rates aren't free.
10-22-2015 | 03:26 AM
#6
Line Holder
Joined: Oct 2006
Posts: 862
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From: Center seat, doing loops to music
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.
Those Fed Ex pay rates aren't free.
10-22-2015 | 04:49 AM
#7
Line Holder
Joined: Jan 2006
Posts: 1,734
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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."
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."
10-22-2015 | 05:55 AM
#8
On Reserve
Joined: Oct 2012
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[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.
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.
10-22-2015 | 06:01 AM
#9
Line Holder
Joined: May 2015
Posts: 1,200
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From: 777 CA
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.
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