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UPS Partners
Mip Factor Announced
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<blockquote data-quote="nhguy" data-source="post: 130509" data-attributes="member: 5248"><p>Mr. Florida UPSER, You speak a lot of truths in what you say. The change to the whole RSU'S was nothing more than a way for the company to hold onto 50% of your incentive and give it back to you over a five year period. When you look at the MIP change, the continuing cost of health care, the pay raises , there is a loud and clear picture here. I could be completely off base, but it is my feeling that once again management is paying for the new pilots contract, the mechanics contract which is currently being negotiated, the upcoming new teamster contract. It's the only place they can get away with giving less. I also believe it is all part of our miserable record in dealing with wall street. We can't cut our cost anywhere else, so who's left? The guys with the ties. This is truly discouraging to all UPS management. The new elements are not quantifably measurable, with the old system it was very plain to see, 15% of pretax profits. It's really ashame, there are 370,000 hard working employees who bust their tail everyday and yet a handful who sit in the Ivory Tower who are losing touch daily make all the decisions that affect us all! I'm glad my time is getting short, although the pension and age are probably the next to be cut! Frustrated and Disappointed!</p></blockquote><p></p>
[QUOTE="nhguy, post: 130509, member: 5248"] Mr. Florida UPSER, You speak a lot of truths in what you say. The change to the whole RSU'S was nothing more than a way for the company to hold onto 50% of your incentive and give it back to you over a five year period. When you look at the MIP change, the continuing cost of health care, the pay raises , there is a loud and clear picture here. I could be completely off base, but it is my feeling that once again management is paying for the new pilots contract, the mechanics contract which is currently being negotiated, the upcoming new teamster contract. It's the only place they can get away with giving less. I also believe it is all part of our miserable record in dealing with wall street. We can't cut our cost anywhere else, so who's left? The guys with the ties. This is truly discouraging to all UPS management. The new elements are not quantifably measurable, with the old system it was very plain to see, 15% of pretax profits. It's really ashame, there are 370,000 hard working employees who bust their tail everyday and yet a handful who sit in the Ivory Tower who are losing touch daily make all the decisions that affect us all! I'm glad my time is getting short, although the pension and age are probably the next to be cut! Frustrated and Disappointed! [/QUOTE]
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