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UPS Union Issues
Financial Analyst: Teamsters Agreement Bad Deal for UPS.
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<blockquote data-quote="JL 0513" data-source="post: 5665927" data-attributes="member: 50088"><p><a href="https://finance.yahoo.com/video/teamster-agreement-bad-deal-ups-203538499.html" target="_blank">Teamster agreement a 'bad deal' for UPS: Analyst</a></p><p></p><p>The perspective from Wall Street and business analysts calling this $30B pay increase concerning for UPS. I'm not taking their side but point this out in light of so many part timers slamming the deal. People need to understand that yes, UPS makes a ton of money, but they are also a business in a competitive market and they've just agreed to something they didn't want to do. It will mean significant rate increases on customers to cover the costs and sets Fed-Ex up nicely to do the same. The idea that people are demanding much more is fantasy land. The idea that they've willingly worked here for years and now on the eve of their best contract ever are voting no is so phony.</p></blockquote><p></p>
[QUOTE="JL 0513, post: 5665927, member: 50088"] [URL="https://finance.yahoo.com/video/teamster-agreement-bad-deal-ups-203538499.html"]Teamster agreement a 'bad deal' for UPS: Analyst[/URL] The perspective from Wall Street and business analysts calling this $30B pay increase concerning for UPS. I'm not taking their side but point this out in light of so many part timers slamming the deal. People need to understand that yes, UPS makes a ton of money, but they are also a business in a competitive market and they've just agreed to something they didn't want to do. It will mean significant rate increases on customers to cover the costs and sets Fed-Ex up nicely to do the same. The idea that people are demanding much more is fantasy land. The idea that they've willingly worked here for years and now on the eve of their best contract ever are voting no is so phony. [/QUOTE]
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