FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board, the company and the pilots' union said on Monday.
The Air Line Pilots Association did not detail the reasons for the rejection or the vote tally. FedExFedEx shares were near flat in midday trading, down 0.4% to $258.69.
"Our members have spoken and we will now regroup," Captain Chris Norman, FedEx ALPA chair, said in a statement. The union represents 6,000 FedEx pilots. The tentative FedEx deal included a 30% pay increase and a 30% increase to the pilots' legacy pensions.
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