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FedEx pilots in July 2023 voted down a tentative agreement to amend their contract.
FedEx pilots rejected a 2023 contract that would have raised pay by up to 30%.
KEY POINTS
- Union hardliners ousted the previous MEC board after dissatisfaction with contract negotiations.
- FedEx reported an 8% year-over-year revenue increase and a 73% stock price rise in the past year.
- Pilot resignations at FedEx have reached historic levels due to fatigue and lean scheduling.
- FedEx restructured its air network after losing a major USPS air cargo contract.
COMPANIES
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