http://www.reuters.com/article/idUSN1013945120100310?type=marketsNews * Would stop investing in main business if law changed-CEO
* Says enough political support to defeat labor measure
By Helen Chernikoff
WASHINGTON, March 10 (Reuters) - FedEx Corp (FDX.N) would stop investing in its core express business if the U.S. government made it easier for its employees to organize into local bargaining units, although that provision will probably not become law, Chief Executive Fred Smith said on Wednesday.
A provision included in sweeping aviation legislation before Congress could enable employees in FedEx's Express unit, which includes its airline, to unionize locally instead of holding a nationwide vote.
The unit accounts for the bulk of the company's revenue,
"If you put different bargaining units in different hubs it would be impossible to run that as an integrated system," Smith told reporters. "If you subject the worldwide FedEx air system to being shut down, it would completely change the nature of the business and our ability to invest in it."
Congress is slowly moving forward with legislation on long-term U.S. aviation priorities, including plans to modernize the nation's aging air traffic system.
A provision included in the version already approved by the House of Representatives would cause FedEx Express employees to be covered by the National Labor Relations Act, which allows local union organization.
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