Mon, Aug 28, 2006
Four-Year Contract Requires Ratification by Pilots
FedEx Express and the
Air Line Pilots Association, Int'l. have jointly announced that
they reached a tentative agreement (TA) on a new labor contract on
Saturday evening. Negotiations have been conducted under the
guidance of the National Mediation Board since October 2005 and
both parties acknowledged the Board's support.
The new agreement is subject to review and finalization of
contract language, which is expected to be completed shortly. Terms
of the tentative agreement are not being released as they first
must be reviewed and approved by the FedEx ALPA Master Executive
Council (MEC). If approved, the TA will be subject to a
ratification vote by about 4,700 FedEx pilots and if ratified, the
four-year contract would become amendable in 2010.
"We're gratified that the collective bargaining process has
produced solid contract improvements that acknowledge our pilot
group's contributions to FedEx and we appreciate the Company's
commitment to these negotiations," said Captain David Webb,
chairman of the ALPA FedEx MEC.
"We look forward to
presenting the tentative agreement to our governing body and
membership."
"We at FedEx Express appreciate the time and effort both sides
have put into reaching a resolution that is not only fair to our
pilots and their families but also fair to the company and our
other employees and shareowners," said David J. Bronczek, president
and chief executive officer of FedEx Express.
The 4,700 professional FedEx pilots, representing the air
division of the FedEx brand and helping generate nearly two-thirds
of FedEx Corporation's annual revenue, fly to cities on five
continents.
Founded in 1931 and celebrating its 75th anniversary this year,
ALPA represents 61,000 pilots at 40 airlines in the U.S. and
Canada.
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