Guitarpicker
Member
Rumors / News of a UPS management buyout will be made - " transformation" - will target non-operational employees that are 55 or older... will be made public today
management buyout offer ( retirement ) coming today...
- Thread starter Guitarpicker
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brownalltheway
Well-Known Member
Any news?
PackageManager
Active Member
if eligible email received. Full announcement tomorrow
Guitarpicker
Member
basically if you fall under " operations" - you will not be offered a package - if you are 55 and older - staff function ( HR- Security- IE - Automotive - Business Development ) you be offered a incentive to leave... 3 months plus one week for every year of service up to 25 years ( so 25 weeks) - any remaining vacation is also added - prorated MIP based off an average MIP of 83% ( from last 5 years average) - you get a packet mailed - review - sign - return - you will given a date of separation - could be as early as August or as late as into 2019... not sure about how anyone else feels - but as usual - the operator gets the shaft... so disappointed in what we have become.
Turdferguson
Just a turd
Karma.
Old Man Jingles
Rat out of a cage
I thought it was tomorrow?
Old Man Jingles
Rat out of a cage
Essential personnel?
Press release was to go out at 4:00 EDT today and on UPSers at 3:45 with E-mail to those eligible prior.
Turdferguson
Just a turd
You're out of the loop. You thought wrong
Returntosender
Well-Known Member
The UPS transformation is positioning the company to react to record growth in demand for Amazon logistics services. This is the first of several new initiatives. The company is also streamlining work processes through technology for greater staff stress and raising operating costs through increase investment in its global smart high turnover UPS part time employee logistics network. UPS expects its transformation initiatives to reduce resources to lower customers’ experience, lower revenue growth, a reduction in full time management employees career opportunities , will continue to provide shareowner returns.
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Old Man Jingles
Rat out of a cage
I'm glad I didn't hang around another 5 years to get this!
I got red-circled back in 2010 as "Essential Personnel" so I stayed on 3 more years since I was so
ing essential.Finally hung 'em up on March 1, 2013.
worldwide
Well-Known Member
I'm glad I didn't hang around another 5 years to get this!
I got red-circled back in 2010 as "Essential Personnel" so I stayed on 3 more years since I was so
Finally hung 'em up on March 1, 2013.
For anyone that had already decided to or was seriously considering retiring in the next 12 months, this will simply ensure they actually leave by giving them a financial incentive to lock it in with the company. For those 55+ that still want to hang around for a few more years for whatever reason and turn down the offer, they may find themselves transformed into a new job they were not expecting and possibly at a lower level. It happened in 2010 and there's no reason it can't happen again.
Guitarpicker
Member
Karma ? How so.. ?
I'm glad I didn't hang around another 5 years to get this!
I got red-circled back in 2010 as "Essential Personnel" so I stayed on 3 more years since I was so
Finally hung 'em up on March 1, 2013.
You? Essential?
You gotta be kidding, Hoax.
Dragon
Package Center Manager
Any medical benefits?
olroadbeech
Happy Verified UPSer
another ploy to get our hopes up.
Nothing noted on briefing call. I would assume standard retirement medical for your YOS.
Old Man Jingles
Rat out of a cage
Must have been the position.You? Essential?
You gotta be kidding, Hoax.
That was my response as well.
My DM asked me would this change my decision to retire in 2010.
I said YEP! POed me to no end or at least 3 more years.
If it had been offered to me, I would have left in 2010.
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