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Brown Cafe UPS Forum
UPS Partners
Management Buyout Rumors
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<blockquote data-quote="brownsucks" data-source="post: 140804" data-attributes="member: 7110"><p>oh yes, the word is out in select circles. The UPS Pension Plan will be "done away with" sometime in early '07. The word is that there will be a buyout of sorts offered to employees depending on the number of years of service. I don't have much more than that but it makes sense as we saw IBM do the same thing in '06. First it was the MIP stock award, now the pension. What incentive do UPS employees have now to put up with the daily BS?</p></blockquote><p></p>
[QUOTE="brownsucks, post: 140804, member: 7110"] oh yes, the word is out in select circles. The UPS Pension Plan will be "done away with" sometime in early '07. The word is that there will be a buyout of sorts offered to employees depending on the number of years of service. I don't have much more than that but it makes sense as we saw IBM do the same thing in '06. First it was the MIP stock award, now the pension. What incentive do UPS employees have now to put up with the daily BS? [/QUOTE]
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