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In the end, who wins??? And at what cost?
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<blockquote data-quote="DELACROIX" data-source="post: 5648809" data-attributes="member: 49065"><p>The “97” strike was a failed attempt by the Company to take control of all the Monetary Contribution Pension Plans run by the Teamsters and convert them into money saving Defined Benefit Pension Plans.</p><p></p><p>They actually proposed that language back in “93”… they knew that eventually the “Central” was in trouble after the federal deregulation in the 80’s. The Union was hurting financially and still fighting the Government over corruption when they decided to test Carey and go for the money grab. They finally got their wish when Hoffa gave them the opportunity in 2007, by then their pension withdrawal were close to 7.5 billion counting the creation of the IBT/UPS Pension Plan. Back in “97” I believe it was close to 1.5 billion to leave the Central, they already had control of the Part Timer Pension plan and were paying peanuts into that plan and stuffing their own management plans.</p><p></p><p>The decision to go public was made years prior, guessing around the time they decided to eliminate their generous “Thrift Plan” in “95”.</p><p>This gave the first opportunity for it’s Union folk to purchase UPS stock as a retirement option, the same as their management.</p><p></p><p>We had several members who were under the UPS Retirement Plan that were booted out by the Company in 1995 under the guise of improving their benefits…bottom line was they did not to share any improvements in their own plans with their “help” even if it cost them nothing.</p><p></p><p>If the Company wants to test us over the part timers’s starting wage by permitting a strike in today’s market and economic conditions it would be the most stupidest and arrogant decision ever made at UPS. Guess we will find out in a couple of weeks…</p><p></p><p>If the Company is worried about going bankrupt over paying more for their part timers let them agree to a 3 year contract instead of a 5…seriously you can only cry “wolf” for so long..</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5648809, member: 49065"] The “97” strike was a failed attempt by the Company to take control of all the Monetary Contribution Pension Plans run by the Teamsters and convert them into money saving Defined Benefit Pension Plans. They actually proposed that language back in “93”… they knew that eventually the “Central” was in trouble after the federal deregulation in the 80’s. The Union was hurting financially and still fighting the Government over corruption when they decided to test Carey and go for the money grab. They finally got their wish when Hoffa gave them the opportunity in 2007, by then their pension withdrawal were close to 7.5 billion counting the creation of the IBT/UPS Pension Plan. Back in “97” I believe it was close to 1.5 billion to leave the Central, they already had control of the Part Timer Pension plan and were paying peanuts into that plan and stuffing their own management plans. The decision to go public was made years prior, guessing around the time they decided to eliminate their generous “Thrift Plan” in “95”. This gave the first opportunity for it’s Union folk to purchase UPS stock as a retirement option, the same as their management. We had several members who were under the UPS Retirement Plan that were booted out by the Company in 1995 under the guise of improving their benefits…bottom line was they did not to share any improvements in their own plans with their “help” even if it cost them nothing. If the Company wants to test us over the part timers’s starting wage by permitting a strike in today’s market and economic conditions it would be the most stupidest and arrogant decision ever made at UPS. Guess we will find out in a couple of weeks… If the Company is worried about going bankrupt over paying more for their part timers let them agree to a 3 year contract instead of a 5…seriously you can only cry “wolf” for so long.. [/QUOTE]
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In the end, who wins??? And at what cost?
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