FedEx reaches tentative deal with pilot union
Reuters
Published May 30, 2023 09:20PM ET
Updated May 30, 2023 11:11PM ET
(Reuters) -FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in favor of a strike earlier this month seeking higher pay, the package delivery company said in a statement on Tuesday.
The Air Line Pilots Association (ALPA) had voted "overwhelmingly" in favor of a strike if needed, when it had entered the final stages of a contract negotiation with the company.
FedEx (NYSE:FDX) did not provide any further details on the agreement. ALPA did not respond immediately to a Reuters request for comment.
The development comes at a time when aviators enjoy higher negotiating power with strong demand and a tight labor market in the sector, motivating them to push for better contracts with airlines and parcel firms.
The agreement prevents a possible strike after 99% of about 6,000 FedEx Express pilots that ALPA represents voted in favor of one, as they asked the company to meet recently improved industry standards for pilot pay.
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Written By: Reuters
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