This sounds like a threat. What am I saying? It is a threat, and a pretty bald-faced one at that:
FedEx could cancel contracts for $10 billion in American-made planes if Congress makes it easier for unions to organize the delivery giant’s workers.
In a Securities and Exchange Commission filing, the Memphis-based company disclosed that purchases of Boeing 777s are contingent on FedEx Express’ continued coverage by the National Railway Labor Act.
The disclosure serves as a warning shot to lawmakers seeking to put FedEx Express workers under the National Labor Relations Act, a move seen as helping the International Brotherhood of Teamsters.
And if WATB FedEx doesn’t get its way, along with Boeing and General Electric, they will buy planes from unionized European competitor Airbus! That makes sense, or at least it does to corporate America. This isn’t “deft” as one pinhead analyst puts it in the article, it’s extortion.
Meanwhile, FedEx competitor UPS has been unionized forever and seems to do quite well. Go figure.
Message to Congress–while you were grandstanding, nothing changed. One legal term I can’t recall hearing much, if at all, during the last six months is “anti-trust.” Maybe someone should dust those big old books full of laws ‘n stuff off and give them a read.
(Props to TPM.)