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Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="HaveNotDivMgr" data-source="post: 144153"><p>Point of clarification - Grade 18s and below promoted after going public in 1999 do not have all of the stock, benefits, retirement package etc... even with 25 yrs of service. Middle management keeps sucking up low wage increases, health care cost increases, lower stock bonuses which are given on the "installment plan", retirement already limited by birth year... This is not the UPS partnership anymore, this is corporate America. Good for the Shareholders, lets put a face on it, Good for Mike E and Scott D, .... so when they sell the next cut as good for the Shareholders, they are really looking in a mirror. How do they sleep at night? It is starting to look like a pyramid scheme around here. Can management join the union?</p></blockquote><p></p>
[QUOTE="HaveNotDivMgr, post: 144153"] Point of clarification - Grade 18s and below promoted after going public in 1999 do not have all of the stock, benefits, retirement package etc... even with 25 yrs of service. Middle management keeps sucking up low wage increases, health care cost increases, lower stock bonuses which are given on the "installment plan", retirement already limited by birth year... This is not the UPS partnership anymore, this is corporate America. Good for the Shareholders, lets put a face on it, Good for Mike E and Scott D, .... so when they sell the next cut as good for the Shareholders, they are really looking in a mirror. How do they sleep at night? It is starting to look like a pyramid scheme around here. Can management join the union? [/QUOTE]
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