Deadline looming for concessions for UPS pilots - Atlanta Business Chronicle
A deadline is looming for pilots for United Parcel Service Inc. to agree to wage and other concessions totaling $131 million through 2011.
“Due to the severe downturn in the global economy, UPS package and freight volumes have been down somewhat markedly,” Mike Mangeot, spokesman for Louisville, Ky.-based UPS Airlines said in an e-mail to Atlanta Business Chronicle. “In response the recession, we have been analyzing all aspects of our business to maximize efficiency and minimize costs.”
The concessions are in line with $1 billion in wage cuts, frozen 401k contributions and concessions already made by UPS management, he said.
A deadline is looming for pilots for United Parcel Service Inc. to agree to wage and other concessions totaling $131 million through 2011.
“Due to the severe downturn in the global economy, UPS package and freight volumes have been down somewhat markedly,” Mike Mangeot, spokesman for Louisville, Ky.-based UPS Airlines said in an e-mail to Atlanta Business Chronicle. “In response the recession, we have been analyzing all aspects of our business to maximize efficiency and minimize costs.”
The concessions are in line with $1 billion in wage cuts, frozen 401k contributions and concessions already made by UPS management, he said.
