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Brown Cafe UPS Forum
UPS Union Issues
Ron Carey- Local 804 hero
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<blockquote data-quote="JonFrum" data-source="post: 761771" data-attributes="member: 18044"><p>Again, BY LAW, UPS must fully fund its management plan. It has no choice. So it makes up whatever shortfalls the plan experiences by skimming as much money as necessary from the rest of the Company and depositing it in the fund. Thus the fund appears "healthy" even though the rest of UPS is distressed, the stock is dead in the water for ten years, and all sorts of things are being cut or eliminated, including quite a few participants in the manager's plan that were shown the door.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 761771, member: 18044"] Again, BY LAW, UPS must fully fund its management plan. It has no choice. So it makes up whatever shortfalls the plan experiences by skimming as much money as necessary from the rest of the Company and depositing it in the fund. Thus the fund appears "healthy" even though the rest of UPS is distressed, the stock is dead in the water for ten years, and all sorts of things are being cut or eliminated, including quite a few participants in the manager's plan that were shown the door. [/QUOTE]
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