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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="nhguy" data-source="post: 171586" data-attributes="member: 5248"><p>Did anyone notice that the company said it costs UPS 80 million dollars to get rid of these 194 people. If you do the math, that's a little over $412,000 per employee. Maybe this package wasn't so great after all. If they are going to get paid this lump sum in 4 payments and their pension is reduced to 50% of what it would have been, it doesn't look that attractive. Most of these people must have had large amounts of stock and only wanted the medical and the opportunity to leave early.</p><p> </p><p>If the $412 k is taxed it's an even worse deal. Be interested in others thoughts on this.</p></blockquote><p></p>
[QUOTE="nhguy, post: 171586, member: 5248"] Did anyone notice that the company said it costs UPS 80 million dollars to get rid of these 194 people. If you do the math, that's a little over $412,000 per employee. Maybe this package wasn't so great after all. If they are going to get paid this lump sum in 4 payments and their pension is reduced to 50% of what it would have been, it doesn't look that attractive. Most of these people must have had large amounts of stock and only wanted the medical and the opportunity to leave early. If the $412 k is taxed it's an even worse deal. Be interested in others thoughts on this. [/QUOTE]
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Management Buyout Update?
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