Trouble coming in the new year for FedEx Pilots if/when they lose the contract with the USPS for freight hauling and mail. Dropping below the minimum hours will allow FedEx to reduce head count and possible pay cuts per this article, as I have no idea what is in their contract language. Sad to hear after the holidays but it appears to all be around the USPS contract with FedEx...
FedEx pilots face pay cuts, buyouts as contract talks resume
FedEx Express wants to compensate for a surplus of pilots by lowering guaranteed pay and offering severance packages once a new labor contract is reached. Meanwhile, mechanics are agitating to unionize. The post FedEx pilots face pay cuts, buyouts as contract talks resume appeared first on...
finance.yahoo.com