Hiring outlook after earnings call
#21
I'm sitting in a Brown groundschool and have a Purple CJO, and I'm still thinking Purple.
Better work rules and other bits that could fit my unique situation.
When a CEO tells the world the company is collapsing yet has a billion to buyback stock something smells a wee bit fishy.....
Better work rules and other bits that could fit my unique situation.
When a CEO tells the world the company is collapsing yet has a billion to buyback stock something smells a wee bit fishy.....
#22
Gets Weekends Off
Joined APC: Sep 2006
Position: MD11 FO
Posts: 1,126
all of those actions point to less freight, and less here needee and less pilots needed and still currently operating under the same cost model. Company has been trying to reduce costs in each department since at least early august . This isn’t some ploy to effect pilot negotiations. In case U haven’t u haven’t figured it out Company is doing just fine in negotiations - even with the increased freight back in the spring / freight moved easily.
We will slow or stop hiring soon. There will be a huge push to save money around the corp. we’ve been here before. If stuff gets really bad - say large recession then it’s going to really suck. See what happened in 2008 and how fast it happened. Other carriers weren’t. Early as affected as FedEx - we made HUGE changes.
time to get that TA completed was about 6 months ago. Gonna be a hard slog now.
#25
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,123
#26
i think u guys are incredibly optimistic if u think this is just a negotiations ploy. You think u r smarter then all the other analysts out there? That only you know what’s going on behind the scenes? DE shaw entering probably had a lot to do with stock buy backs. There should be zero question that freight is slowing - our own SIG chairman has told us they. Largest drop in CH in bidpacks this oct in years. We are also on record as trying to drop more low yield freight and focus on high yield.
all of those actions point to less freight, and less here needee and less pilots needed and still currently operating under the same cost model. Company has been trying to reduce costs in each department since at least early august . This isn’t some ploy to effect pilot negotiations. In case U haven’t u haven’t figured it out Company is doing just fine in negotiations - even with the increased freight back in the spring / freight moved easily.
We will slow or stop hiring soon. There will be a huge push to save money around the corp. we’ve been here before. If stuff gets really bad - say large recession then it’s going to really suck. See what happened in 2008 and how fast it happened. Other carriers weren’t. Early as affected as FedEx - we made HUGE changes.
time to get that TA completed was about 6 months ago. Gonna be a hard slog now.
all of those actions point to less freight, and less here needee and less pilots needed and still currently operating under the same cost model. Company has been trying to reduce costs in each department since at least early august . This isn’t some ploy to effect pilot negotiations. In case U haven’t u haven’t figured it out Company is doing just fine in negotiations - even with the increased freight back in the spring / freight moved easily.
We will slow or stop hiring soon. There will be a huge push to save money around the corp. we’ve been here before. If stuff gets really bad - say large recession then it’s going to really suck. See what happened in 2008 and how fast it happened. Other carriers weren’t. Early as affected as FedEx - we made HUGE changes.
time to get that TA completed was about 6 months ago. Gonna be a hard slog now.
In my opinion.
#27
and its this mentality thats gonna get us a weak contract, as well as the mentality of greed that prolonged negotiations. Fear and greed, and we are only as strong as our most fearful and greedy, which inevitably renders us weak ass b!tches! Time and again. Unions are fine, like marriage, but be careful who you marry, because you might just find yourself shackled to a lunatic. Only here, by virtue of agency shop, we can’t file for divorce. we’re stuck in a bad marriage for 25 years plus, give or take.
In my opinion.
In my opinion.
#28
Banned
Joined APC: Oct 2019
Posts: 923
I'm sitting in a Brown groundschool and have a Purple CJO, and I'm still thinking Purple.
Better work rules and other bits that could fit my unique situation.
When a CEO tells the world the company is collapsing yet has a billion to buyback stock something smells a wee bit fishy.....
Better work rules and other bits that could fit my unique situation.
When a CEO tells the world the company is collapsing yet has a billion to buyback stock something smells a wee bit fishy.....
#29
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,141
and its this mentality thats gonna get us a weak contract, as well as the mentality of greed that prolonged negotiations. Fear and greed, and we are only as strong as our most fearful and greedy, which inevitably renders us weak ass b!tches! Time and again. Unions are fine, like marriage, but be careful who you marry, because you might just find yourself shackled to a lunatic. Only here, by virtue of agency shop, we can’t file for divorce. we’re stuck in a bad marriage for 25 years plus, give or take.
In my opinion.
In my opinion.
It sounds like you are referring to your colleagues. You are married to greedy fearful pilots that you cannot divorce. I mean, you can, but it’s not feasible unless you are independently wealthy.
#30
Banned
Joined APC: Jun 2018
Posts: 1,838
Keep in mind Fedex gives their pilots “things” that we have to negotiate for. They don’t optimize their schedules like we do to fully utilize contract language. Yes, FDX schedules are generally better, trip drop-trades better, for now. What you are not factoring in is how long this goodwill will last? How long until management makes the shift to a more efficient, tighter operation? Start maximizing contractual language, start denying drops-trades more broadly? Fedex is at a juncture where major operational issues have to be addressed, the two biggest issues being how to operate Ground, achieve a better vertical integration across the entire FDX system, and reevaluate the amount of flying they do. Fedex has been resistant for years to ground more packages when it is an option, they have preferred to fly them. This is obviously much more expensive. It’s gonna take a philosophical shift to address persistent and structural operational issues to make the operation much more efficient.
We have contract language on all those subjects that creates the ability to do those things. The company can’t arbitrarily negate those. I understand a company who optimizes but you are approaching it from a position that they are doing it out of the kindness of their heart. That is not factual we have contract language that allows those things.
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