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Layoffs & Reduction of staff ( Return Clerks ) At 43rd St Building NYC
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<blockquote data-quote="Insincerity" data-source="post: 708862" data-attributes="member: 28910"><p><strong><span style="font-size: 22px">I</span></strong> see deeper than your observation.</p><p>If a Division Manager is demoted, it will be at the starting rate for that position. This is what has happened with "demoted" people so far starting in 2009. It use to be that there was no cut in pay but they would be "red-circled' with no raises until they reached the top of the new pay band. </p><p>A person's retirement is based on their best consecutive 5 years out of their last ten. Lights starting to come on? This will reduce the payout to this ex-division manager over the life of his retirement and UPS's liability in the funding of the Pension Plan now.</p><p>It is not as inconsequential as you may suspect Socks.</p></blockquote><p></p>
[QUOTE="Insincerity, post: 708862, member: 28910"] [B][SIZE=6]I[/SIZE][/B] see deeper than your observation. If a Division Manager is demoted, it will be at the starting rate for that position. This is what has happened with "demoted" people so far starting in 2009. It use to be that there was no cut in pay but they would be "red-circled' with no raises until they reached the top of the new pay band. A person's retirement is based on their best consecutive 5 years out of their last ten. Lights starting to come on? This will reduce the payout to this ex-division manager over the life of his retirement and UPS's liability in the funding of the Pension Plan now. It is not as inconsequential as you may suspect Socks. [/QUOTE]
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Layoffs & Reduction of staff ( Return Clerks ) At 43rd St Building NYC
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