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Brown Cafe UPS Forum
UPS Discussions
5 to 10 percent wage decrease
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<blockquote data-quote="Channahon" data-source="post: 181476" data-attributes="member: 7666"><p>Anyone hear about Circuit City cutbacks?</p><p> </p><p>Firing 3400 employees who are paid above the industry average and giving them the opportunity to be rehired at a lower wage?</p><p> </p><p>Not that I think this should happen at UPS, but a lot of companies do let their high paid employees go for lower paying employees.</p><p> </p><p>Not sure how the companies get away with it, but they do. I imagine it would be part of a bankruptcy or restructuring strategy. </p><p> </p><p>We all need to be grateful for what UPS has provided for us and our families over the years.</p><p> </p><p>You never know how you may be impacted in the future.</p></blockquote><p></p>
[QUOTE="Channahon, post: 181476, member: 7666"] Anyone hear about Circuit City cutbacks? Firing 3400 employees who are paid above the industry average and giving them the opportunity to be rehired at a lower wage? Not that I think this should happen at UPS, but a lot of companies do let their high paid employees go for lower paying employees. Not sure how the companies get away with it, but they do. I imagine it would be part of a bankruptcy or restructuring strategy. We all need to be grateful for what UPS has provided for us and our families over the years. You never know how you may be impacted in the future. [/QUOTE]
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5 to 10 percent wage decrease
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