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Brown Cafe UPS Forum
UPS Union Issues
End over 9.5 negotiations
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<blockquote data-quote="Commercial Inside Release" data-source="post: 5366021" data-attributes="member: 93336"><p>My years in finance in the corporate jungle, make me wonder about UPS's antics regarding 9.5 grievances. It is not uncommon for a corporation like UPS, to take out a special corporate insurance policy against situations like the 9.5 contract agreement with some heavy hitter, like Lloyd's (of London.) This way, they can carve the extra cost off of the liabilities column, and trade some cheaper revenue source to the insurers, kick the can down the road for half a decade, or roll it into some other subsidiary or branch of the corporation.</p><p></p><p>Any management or corporate goons out there, heard any rumors?</p></blockquote><p></p>
[QUOTE="Commercial Inside Release, post: 5366021, member: 93336"] My years in finance in the corporate jungle, make me wonder about UPS's antics regarding 9.5 grievances. It is not uncommon for a corporation like UPS, to take out a special corporate insurance policy against situations like the 9.5 contract agreement with some heavy hitter, like Lloyd's (of London.) This way, they can carve the extra cost off of the liabilities column, and trade some cheaper revenue source to the insurers, kick the can down the road for half a decade, or roll it into some other subsidiary or branch of the corporation. Any management or corporate goons out there, heard any rumors? [/QUOTE]
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