Westerner

If that slide is real I don't think it is going to be received well and it's going to turn more guys against this TA.

Temocil27

where is that from? A road show?

opt0712

"Word is" your info is incorrect. They have been adding slides throughout the Roadshow process as more information comes to light. Just because people on here and JFs can't go to the roadshows to see the info presented for themselves, doesn't make it new information. I don't like it either, but let's not blow this out of proportion. The furlough narrative has been there since the MEC voted on this POS. We're not even 4 days into the vote. Lots of votes left.

Coffeepilot1

It does reek of desperation.

Stan446

Word is? I doubt the NC, MEC care about their futures and I doubt they know how the vote is going. So a picture of a slide from whom, what point in the negotiations? I don't see one person in that pic thats from the union so who do you know the slide is from?. If a furlough is what could happen then the NC would be telling you that if it would support the passing of the TA.

Spot13

This TA will fail, because it is pile of $$$$. If the post on JFers mentioned earlier on this forum has a hint of truth - even more reason to vote NO.

busdriver12

It certainly puts a twist on selling points of the TA. FedEx is supposedly overmanned by several hundred pilots, according to union. The TA, instead of offering up things like bonuses and decent retiree health care to incentivize senior pilots to retire early, they are counting on it being so bad for the junior pilots that they'll leave on their own. Voila, no furloughs needed. Sad.

Otterbox

The presentation computer in the photo has a FedEx ALPA sticker on the laptop. If you put that slide up in a presentation would you stand next to it for a photo op? Doubtful.

Yuko

Please keep getting your NO votes in. The company looks past the Union and directly to the pilot group. Let us turn down this concessionary bankruptcy styled proposal that depress industry wages, harms qol, leaves 300 retirees (since amenable date) in the cold without A plan improvements and introduces Union busting pension schemes.

Keep up the NO pressure it is working, NC/MEC no longer speaks for us. They have now transformed the roadshow into direct attacks against the membership with future predictions of furloughs (because besides vacating their responsibility to give us a TA we may be proud of they have now acquired time prediction powers).

NO is the time!

busdriver12

Wondering what earnings call you are referring to? I listened to every minute of the last earnings call on June 20th, and Raj said that they have "conducted another round of furloughs" and that they are aggressively managing headcount, including attrition. That they are confident that they can deliver on cost reductions of $1.8 billion this year and $4 billion next year from the DRIVE transformation. All while continuing to do billions of dollars worth of stock buybacks and raising the dividend. You know, the things that really count. Forget PSP.

One of the investor questions at the end was about the pilots voting on a new contract, and asking as they retire older aircraft, is FedEx also retiring pilots, or is there an excess of pilots? the answer did not specifically address more pilots retiring, but did mention that they will park 29 additional aircraft during the year. They also mentioned "flexibility" repetitively throughout the earnings call. The exec ignored the question about an excess of pilots.

The fact that the company opened up scope, and made it far cheaper to wet lease, and it apparently was quite important for them to do so, plus the constant talk about flexibility and retiring aircraft, along with massive cost cutting.......I would say that if enough pilots don't leave out of disgust, it's quite obvious that they are going to furlough.