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FedEx bigger than UPS?
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<blockquote data-quote="Treegrower" data-source="post: 518190" data-attributes="member: 11614"><p>I take it the talk radio is from Rush and Hannity and Levin and that ilk. The truth is that the UAW came to the table and gave up alot. Gave up a ton. The Ford employees just voted on a new deal that was vitally crucial to the long term health of Ford much to their own ( the employees) detriment. The gave up pay and benefits. Reduced work classifications, reduced or froze pay, gave up breaks and other paid "for time." </p><p> You could easily make the case that any new /future Ford hourly worker got screwed to death. The new workers will never get what the current workers do in relation to pay,benefits and retirement. Kinda of like in 1982 when all new UPS part-timers were hired for $8.00 an hour.</p><p> The 1 area where the union did balk and refused to conceed anything was in the area of retiree health care. The "legacy" costs. Those benefits were negotiated in good faith and taken in lieu of pay and cash in their paychecks. Medicare (after age 65) won't come close to covering the medical expenses and hospital costs and Doctors cost and pharmacy pills that a vast majority of those retirees have. It is a huge problem with no easy answers or choices. </p><p> Talk radio made a huge point (ad nauseum) about the total labor costs for a transplant auto company is about $ 53.00 per hr. vs about $75.00 for the Big Three. Under this new deal Ford's labor cost is going to come down to about $54--$55 hr. That is huge. </p><p> UPS is not immune from legacy cost either. Don't know about FEDEX and just what their retirement plans entails as far as health/medical benefits go after retirement.</p></blockquote><p></p>
[QUOTE="Treegrower, post: 518190, member: 11614"] I take it the talk radio is from Rush and Hannity and Levin and that ilk. The truth is that the UAW came to the table and gave up alot. Gave up a ton. The Ford employees just voted on a new deal that was vitally crucial to the long term health of Ford much to their own ( the employees) detriment. The gave up pay and benefits. Reduced work classifications, reduced or froze pay, gave up breaks and other paid "for time." You could easily make the case that any new /future Ford hourly worker got screwed to death. The new workers will never get what the current workers do in relation to pay,benefits and retirement. Kinda of like in 1982 when all new UPS part-timers were hired for $8.00 an hour. The 1 area where the union did balk and refused to conceed anything was in the area of retiree health care. The "legacy" costs. Those benefits were negotiated in good faith and taken in lieu of pay and cash in their paychecks. Medicare (after age 65) won't come close to covering the medical expenses and hospital costs and Doctors cost and pharmacy pills that a vast majority of those retirees have. It is a huge problem with no easy answers or choices. Talk radio made a huge point (ad nauseum) about the total labor costs for a transplant auto company is about $ 53.00 per hr. vs about $75.00 for the Big Three. Under this new deal Ford's labor cost is going to come down to about $54--$55 hr. That is huge. UPS is not immune from legacy cost either. Don't know about FEDEX and just what their retirement plans entails as far as health/medical benefits go after retirement. [/QUOTE]
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