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UPS Retirement Topics
No noise from retirees about the New Contract and how it affects you
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<blockquote data-quote="beentheredonethat" data-source="post: 1349267" data-attributes="member: 4886"><p>You must like politicians in Washington DC. They use the same fuzzy logic. </p><p></p><p>They believe that if you have increased spending by 10% per year for the last few years, and this year you increase spending by 5% that you had a "CUT in spending". </p><p></p><p>UPS pays out more and more each year for benefits for retirement and benefits for our workforce. The problem is that the increase in costs is growing even faster. The biggest problem is that UPS is no longer a near monopoly. With FDX, USPS, plus a slew of small companies like lasership etc, the pressure on price is increasing. We avg about 10 or 11% profit margin. That's not a heck of a lot when you compare it to other large companies.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1349267, member: 4886"] You must like politicians in Washington DC. They use the same fuzzy logic. They believe that if you have increased spending by 10% per year for the last few years, and this year you increase spending by 5% that you had a "CUT in spending". UPS pays out more and more each year for benefits for retirement and benefits for our workforce. The problem is that the increase in costs is growing even faster. The biggest problem is that UPS is no longer a near monopoly. With FDX, USPS, plus a slew of small companies like lasership etc, the pressure on price is increasing. We avg about 10 or 11% profit margin. That's not a heck of a lot when you compare it to other large companies. [/QUOTE]
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No noise from retirees about the New Contract and how it affects you
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