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<blockquote data-quote="Channahon" data-source="post: 474551" data-attributes="member: 7666"><p>As a recently retired UPS mangement person who spent 28 years with UPS, the announcement made regarding freezing management payroll and suspending 401k match is mild in comparison what other Fortune 500 companies are doing to survive in today and the future economic projections.</p><p> </p><p>Some union employees have been laid off, but will have the opportunity to come back to work once the volume picks up.</p><p> </p><p>Our full time drivers who are laid off, will be back to work, once vacations start.</p><p> </p><p>Our management employees have been downsized since the 90's with district and region consolidations, are taking pay and benefit custs, and are doing more with less management support.</p><p> </p><p>But one thing that I feel is constant, is all UPS employees, management and non union are willing to cut back their own hours or salaries to keep their fellow employees working. That is the culture of UPS, to take care of one another, understanding the opportunity to do so exists.</p><p> </p><p>And I am not so naive to think my retirement benefits will change one day, so you have to live your life today, as you won't have benefits in the future. Now that may all change with our new leader in the White House, but for now, my life style will be minimal, based on the economic outlook for the next 2 years.</p></blockquote><p></p>
[QUOTE="Channahon, post: 474551, member: 7666"] As a recently retired UPS mangement person who spent 28 years with UPS, the announcement made regarding freezing management payroll and suspending 401k match is mild in comparison what other Fortune 500 companies are doing to survive in today and the future economic projections. Some union employees have been laid off, but will have the opportunity to come back to work once the volume picks up. Our full time drivers who are laid off, will be back to work, once vacations start. Our management employees have been downsized since the 90's with district and region consolidations, are taking pay and benefit custs, and are doing more with less management support. But one thing that I feel is constant, is all UPS employees, management and non union are willing to cut back their own hours or salaries to keep their fellow employees working. That is the culture of UPS, to take care of one another, understanding the opportunity to do so exists. And I am not so naive to think my retirement benefits will change one day, so you have to live your life today, as you won't have benefits in the future. Now that may all change with our new leader in the White House, but for now, my life style will be minimal, based on the economic outlook for the next 2 years. [/QUOTE]
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