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2007 MIP Elements Update posted ... looking bad ...
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<blockquote data-quote="tieguy" data-source="post: 190707" data-attributes="member: 1912"><p>some positves in this earnings statement. </p><p> </p><p>UPS projected a slowing economy while FDX said "what slowing economy"? until they were surprised by it. </p><p> </p><p>UPS trimming fat. International market grew nicely this quarter. SCS rebounded nicely. Plans to accelerate the integration of Overnight. Plans to buyback shares. </p><p> </p><p>contract negotiations going well. something I heard today about the contract negotiations I found interesting:</p><p> </p><p>In 97 the teamsters did not present thier economic proposals until the day before the strike. </p><p>In 2002 they did not present thier economic proposals until the week of the hand shake. </p><p>this time they have already presented thier economic proposals which gives another indication that negotiations may be far into the serious stage.</p><p>much talk about how to strengthen the various pension plans. </p><p>firm committments from both sides to continue meeting frequently in the coming month to get this thing done.</p><p> </p><p>an early settlement with a fair increase for our people , a strengthening of the pensions and medical, perhaps language on enjoining overnight into the teamsters and a few additional flexibility items could possibly showcase UPS and the teamsters working together in a proactive partnership far beyond what anyone thought ever possible.</p></blockquote><p></p>
[QUOTE="tieguy, post: 190707, member: 1912"] some positves in this earnings statement. UPS projected a slowing economy while FDX said "what slowing economy"? until they were surprised by it. UPS trimming fat. International market grew nicely this quarter. SCS rebounded nicely. Plans to accelerate the integration of Overnight. Plans to buyback shares. contract negotiations going well. something I heard today about the contract negotiations I found interesting: In 97 the teamsters did not present thier economic proposals until the day before the strike. In 2002 they did not present thier economic proposals until the week of the hand shake. this time they have already presented thier economic proposals which gives another indication that negotiations may be far into the serious stage. much talk about how to strengthen the various pension plans. firm committments from both sides to continue meeting frequently in the coming month to get this thing done. an early settlement with a fair increase for our people , a strengthening of the pensions and medical, perhaps language on enjoining overnight into the teamsters and a few additional flexibility items could possibly showcase UPS and the teamsters working together in a proactive partnership far beyond what anyone thought ever possible. [/QUOTE]
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2007 MIP Elements Update posted ... looking bad ...
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