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<blockquote data-quote="brownIEman" data-source="post: 550103" data-attributes="member: 14596"><p>Precisely. The main difference is the price tag. In 97 UPS offered to infuse the pensions with $2B in cash. In 2008 UPS got out of central at least, for $6B. </p><p> </p><p>Maybe UPS did not offer enough in 97, but the union did not make a counter on the pensions, they did not negotiate on that at all. They just told everyone UPS was trying to take control and subsequently destroy the pension. A lot of people believed it.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 550103, member: 14596"] Precisely. The main difference is the price tag. In 97 UPS offered to infuse the pensions with $2B in cash. In 2008 UPS got out of central at least, for $6B. Maybe UPS did not offer enough in 97, but the union did not make a counter on the pensions, they did not negotiate on that at all. They just told everyone UPS was trying to take control and subsequently destroy the pension. A lot of people believed it. [/QUOTE]
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