New York city politicians are threatening to cancel contracts giving UPS millions in breaks on parking fines after the company moves to fire 250 Queens employees for walking off the job during a 90 minute protest on Friday.
The United Parcel Service provided 20 Maspeth employees with pink slips this week with potentially more to come, the company said.
“We have implemented the release of a group of employees that participated in the Feb. 26 walkout,” a spokesman for UPS said in a statement. “Our first priority is to maintain orderly delivery operations and we chose to release 20 employees in order to minimize the chance of any impact on customer commitments. The misconduct on Feb. 26 was serious and the company is taking contractually appropriate actions to address those employees involved in the unauthorized work stoppage.”
A source who is familiar with the mass terminations said there were several more to come this week for the same reasons as stated by the company.
UPS today announced its Auto Arrive and Depart (AAD) system ranked 22 on the 2014 InformationWeek Elite 100.
The AAD technology leverages data from a vehicle’s mobile computer to exchange load movement and vehicle data between a UPS tractor trailer driver and a UPS dispatch office.
AAD provides the driver an electronic check-in and check-out process integrating the vehicle data terminal with a suite of UPS developed trailer forecasting and day of operations systems.
“With over 74,000 trailer arrivals and departures daily, the solution improves the services we provide to our customers and increases operational efficiency,” said Nick Costides, UPS vice president transportation technology group.
UPS has delivered a special message to 250 of its Queens drivers: You’re fired!
The Atlanta-based company is booting 250 of its unionized drivers from its Maspeth facility because they walked off the job for 90 minutes Feb. 26 to protest the dismissal of a long-time employee, UPS told the Daily News.
Twenty employees were terminated Monday after their shifts — and the remaining 230 notified that they’ll be canned as soon as replacements are trained, a company spokesman said.
The analysis of the cash flows and the dividends of the company shows that there is considerable room for UPS to enhance its dividends. The payout ratio of about 43% is low and the company will continue to grow its dividends. Furthermore, the efforts to increase the global operations as well as diversification will allow the company to achieve substantial growth in revenues as well as profits. As a result, we will likely see a steady increase in the stock price. UPS is a solid long-term investment with growing dividends, and the shareholders should continue to benefit from the strong financial position of the company.