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Layoffs in I.S.
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<blockquote data-quote="disillusioned" data-source="post: 203702" data-attributes="member: 10252"><p><span style="color: black">In some instances, performance matters. More correctly, potential performance matters. You can be the best shinning star in the past but if the outlook isn't that good for what you may be expected to do, then sorry. There's no loyalty for past performance.</span></p><p></p><p><span style="color: black">Look, this is just a different company than it was. There was a time when UPS was a great company to work for. We largely took care of our own. We promoted from within. We had long range plans. We developed people. Yes, in operations, you were barked at. I was, and I also did my share of barking. But, when the sort was over, we'd all end up at the same place for beer. </span></p><p></p><p><span style="color: black">That company, that entity, the family you knew and sometimes hated as UPS, is no longer. That family you knew was sold during the IPO. We made this mistake once before. In the 1920’s we needed money to expand out of the west coast and sold our stock to investment bankers. In 1929, we bought ourselves back and Jim Casey vowed we’d never make that mistake again. Ooops! Today, UPS is the equivalent of any blue chip company (minus the increasing stock value). Today, the outlook of UPS is next quarter and to a lesser extent, next year. </span></p><p></p><p><span style="color: black">People with little real knowledge of what we do (deliver packages) and what customers want are doing what they think is the right thing to build the business. Unfortunately, the view is that UPS needs more structure and control (gotta keep costs down). Consequently, people like center, division, district and IS managers are not allowed to make any decisions about their operations. This approach also leads to what some in this thread are complaining about. When an organization seeks to increase control from the top, it requires more resources at the top simply to keep an eye on, and a lid down on, the rest of the company. These people don’t need to be terribly competent to keep an eye on things, just able to take direction and perform. (Individual thought tends to erode that whole control thing). </span></p><p></p><p><span style="color: black">Simply put, UPS is what it is. The days of glory and 2 and 3 + MIP are gone. We are running head long down a road of strict control; cost and otherwise. The future will be one of minor (if any) stock value growth, diminishing compensation, increasing demands on employees to “share the burden of health care” and increasing demands to do more with less. This will be true for both union and management. So, hold on if you can. I don’t know of a way out of this future since there is more stock out there than we can afford to buy back. And with the contract coming due soon…. </span></p><p></p><p><span style="color: black">In the past, UPS’ vision and purpose were things like “best service, lowest rates” and “to run the tightest ship in the shipping business”. Today, our reason for being is nothing more than “to maximize shareholder value”. We have become nothing more than grist in the wheels of the stock market. </span></p></blockquote><p></p>
[QUOTE="disillusioned, post: 203702, member: 10252"] [COLOR=black]In some instances, performance matters. More correctly, potential performance matters. You can be the best shinning star in the past but if the outlook isn't that good for what you may be expected to do, then sorry. There's no loyalty for past performance.[/COLOR] [COLOR=black]Look, this is just a different company than it was. There was a time when UPS was a great company to work for. We largely took care of our own. We promoted from within. We had long range plans. We developed people. Yes, in operations, you were barked at. I was, and I also did my share of barking. But, when the sort was over, we'd all end up at the same place for beer. [/COLOR] [COLOR=black]That company, that entity, the family you knew and sometimes hated as UPS, is no longer. That family you knew was sold during the IPO. We made this mistake once before. In the 1920’s we needed money to expand out of the west coast and sold our stock to investment bankers. In 1929, we bought ourselves back and Jim Casey vowed we’d never make that mistake again. Ooops! Today, UPS is the equivalent of any blue chip company (minus the increasing stock value). Today, the outlook of UPS is next quarter and to a lesser extent, next year. [/COLOR] [COLOR=black]People with little real knowledge of what we do (deliver packages) and what customers want are doing what they think is the right thing to build the business. Unfortunately, the view is that UPS needs more structure and control (gotta keep costs down). Consequently, people like center, division, district and IS managers are not allowed to make any decisions about their operations. This approach also leads to what some in this thread are complaining about. When an organization seeks to increase control from the top, it requires more resources at the top simply to keep an eye on, and a lid down on, the rest of the company. These people don’t need to be terribly competent to keep an eye on things, just able to take direction and perform. (Individual thought tends to erode that whole control thing). [/COLOR] [COLOR=black]Simply put, UPS is what it is. The days of glory and 2 and 3 + MIP are gone. We are running head long down a road of strict control; cost and otherwise. The future will be one of minor (if any) stock value growth, diminishing compensation, increasing demands on employees to “share the burden of health care” and increasing demands to do more with less. This will be true for both union and management. So, hold on if you can. I don’t know of a way out of this future since there is more stock out there than we can afford to buy back. And with the contract coming due soon…. [/COLOR] [COLOR=black]In the past, UPS’ vision and purpose were things like “best service, lowest rates” and “to run the tightest ship in the shipping business”. Today, our reason for being is nothing more than “to maximize shareholder value”. We have become nothing more than grist in the wheels of the stock market. [/COLOR] [/QUOTE]
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