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The Latest UPS Headlines
Deadline looming for concessions for UPS pilots
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<blockquote data-quote="cheryl" data-source="post: 539246" data-attributes="member: 1"><p><strong>Deadline looming for concessions for UPS pilots - Atlanta Business Chronicle</strong></p><p></p><p>A deadline is looming for pilots for United Parcel Service Inc. to agree to wage and other concessions totaling $131 million through 2011.</p><p></p><p>“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.”</p><p></p><p>The concessions are in line with $1 billion in wage cuts, frozen 401k contributions and concessions already made by UPS management, he said.</p></blockquote><p></p>
[QUOTE="cheryl, post: 539246, member: 1"] [B]Deadline looming for concessions for UPS pilots - Atlanta Business Chronicle[/B] 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. [/QUOTE]
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