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UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="moreluck" data-source="post: 145038" data-attributes="member: 1246"><p>Just another quick blurb from Reuters....stock is down a few cents in after hours trading...It shouldn't be to my way of thinking. Eliminating redundant positions is a positive thing.</p><p> </p><p></p><p><span style="font-size: 15px"><strong>Reuters</strong></span></p><p><span style="font-size: 15px"></span>UPS says it is offering voluntary buyouts to 650 workers</p><p>Monday December 11, 4:18 pm ET </p><p>CHICAGO (Reuters) - United Parcel Service Inc. said on Monday it was offering voluntary buyout packages to 650 employees. </p><p>UPS, the world's largest package delivery company characterized the move as the latest part of its ongoing effort to "eliminate redundant positions." </p><p>The company said the impact of the buyouts on its finances would not be known until after January 29, 2007, when the buyout offer's election period expires.</p></blockquote><p></p>
[QUOTE="moreluck, post: 145038, member: 1246"] Just another quick blurb from Reuters....stock is down a few cents in after hours trading...It shouldn't be to my way of thinking. Eliminating redundant positions is a positive thing. [SIZE=4][B]Reuters[/B] [/SIZE]UPS says it is offering voluntary buyouts to 650 workers Monday December 11, 4:18 pm ET CHICAGO (Reuters) - United Parcel Service Inc. said on Monday it was offering voluntary buyout packages to 650 employees. UPS, the world's largest package delivery company characterized the move as the latest part of its ongoing effort to "eliminate redundant positions." The company said the impact of the buyouts on its finances would not be known until after January 29, 2007, when the buyout offer's election period expires. [/QUOTE]
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