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Brown Cafe UPS Forum
UPS Union Issues
Scandel at 705?
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<blockquote data-quote="JonFrum" data-source="post: 383607"><p>The UPS payment of $6.1 Billion was made to Central States on Dec. 26, 2007. The $3 Billion drop in Central States' net assets was for the first six months of 2008. There was no $9 Billion loss. </p><p></p><p></p><p></p><p>UPS said at the time that they expected to deduct the payment on their taxes and save $2.3 Billion. They predicted the cost impact to them in 2009 would be "minimal" and that 2010 and beyond would be "cost beneficial." I think they mean it's like buying an energy-efficient appliance. After a year or two of operation, it pays for itself in money saved.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 383607"] The UPS payment of $6.1 Billion was made to Central States on Dec. 26, 2007. The $3 Billion drop in Central States' net assets was for the first six months of 2008. There was no $9 Billion loss. UPS said at the time that they expected to deduct the payment on their taxes and save $2.3 Billion. They predicted the cost impact to them in 2009 would be "minimal" and that 2010 and beyond would be "cost beneficial." I think they mean it's like buying an energy-efficient appliance. After a year or two of operation, it pays for itself in money saved. [/QUOTE]
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