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<blockquote data-quote="moreluck" data-source="post: 762585" data-attributes="member: 1246"><p>UPS bringing 70 sidelined pilots back to work</p><p></p><p>Associated Press, 08.20.10, 09:22 AM EDT <img src="http://ads.forbes.com/RealMedia/ads/adstream_lx.ads/forbes.com/ap/story/id7866051/193684300/x92/OasDefault_v5/default/empty.gif/51417830696b787939684141414f6872?adTerms=Diversified+Industrials+Industrials+Industrial+products+and+services+General+Industrials+&tickerTerms=UPS&partner=alerts" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://ads.forbes.com/RealMedia/ads/adstream_lx.ads/forbes.com/ap/story/id7866051/1878297203/x91/OasDefault_v5/default/empty.gif/51417830696b787939684141414f6872?adTerms=Diversified+Industrials+Industrials+Industrial+products+and+services+General+Industrials+&tickerTerms=UPS&partner=alerts" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>NEW YORK -- UPS Inc. is bringing about 70 of its furloughed pilots back to work, reducing the total to about 230, because of its improving financial condition.</p><p>The world's largest shipping company was quick to note, though, that "current economic signals remain mixed, and we believe that the recovery will be gradual."</p><p>UPS, which has more than 2,000 pilots, announced the planned furloughs in February.</p><p>The reduction will impact some of the furloughs slated for next year. UPS, which is heavily unionized, said it still has more pilots than it needs because it's flying less airplanes than several years ago and its existing planes spend less time in the air. The FAA's move to raise the mandated pilot retirement age to 65 from 60 in 2007 also kept about 200 pilots on staff that would have retired, it said. Each pilot on furlough collects about $185,000 in pay and benefits per year, according to UPS.</p><p>"Our business model is pretty simple: packages equal jobs," spokesman Norman Black said in a statement. "Our hope is that the economy improves to the point we can return more employees to work. We will continue to examine business conditions and adjust pilot staffing levels appropriately in the future."</p><p></p><p></p><p>__._,_.___</p></blockquote><p></p>
[QUOTE="moreluck, post: 762585, member: 1246"] UPS bringing 70 sidelined pilots back to work Associated Press, 08.20.10, 09:22 AM EDT [IMG]http://ads.forbes.com/RealMedia/ads/adstream_lx.ads/forbes.com/ap/story/id7866051/193684300/x92/OasDefault_v5/default/empty.gif/51417830696b787939684141414f6872?adTerms=Diversified+Industrials+Industrials+Industrial+products+and+services+General+Industrials+&tickerTerms=UPS&partner=alerts[/IMG][IMG]http://ads.forbes.com/RealMedia/ads/adstream_lx.ads/forbes.com/ap/story/id7866051/1878297203/x91/OasDefault_v5/default/empty.gif/51417830696b787939684141414f6872?adTerms=Diversified+Industrials+Industrials+Industrial+products+and+services+General+Industrials+&tickerTerms=UPS&partner=alerts[/IMG] NEW YORK -- UPS Inc. is bringing about 70 of its furloughed pilots back to work, reducing the total to about 230, because of its improving financial condition. The world's largest shipping company was quick to note, though, that "current economic signals remain mixed, and we believe that the recovery will be gradual." UPS, which has more than 2,000 pilots, announced the planned furloughs in February. The reduction will impact some of the furloughs slated for next year. UPS, which is heavily unionized, said it still has more pilots than it needs because it's flying less airplanes than several years ago and its existing planes spend less time in the air. The FAA's move to raise the mandated pilot retirement age to 65 from 60 in 2007 also kept about 200 pilots on staff that would have retired, it said. Each pilot on furlough collects about $185,000 in pay and benefits per year, according to UPS. "Our business model is pretty simple: packages equal jobs," spokesman Norman Black said in a statement. "Our hope is that the economy improves to the point we can return more employees to work. We will continue to examine business conditions and adjust pilot staffing levels appropriately in the future." __._,_.___ [/QUOTE]
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