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<blockquote data-quote="PobreCarlos" data-source="post: 973293" data-attributes="member: 16651"><p>Inthegame;</p><p></p><p>Not saying it wasn't "prudent" at all; in fact, I thought the decision of the trustees was VERY prudent...but it was not indicative of a "win". The fact is, the union buckled, or "blinked", if you will. Beyond that, while the 6 billion might deal with part of the eventual problem, the fact is that missing $100, 000,000 did help set the path that Central States is on today...and calling that a "win" from a Teamster (or company) perspective would be a real stretch. As for the $6 billion itself, one can't help but think that, as the withdrawal liability UPS paid essentially for OTHER companies' employees, it represented a real shafting for UPS Teamsters...to the tune of about $133,000 OFF of each (then) UPS CDPF member's pension ( a sum which would have grown quite a bit, of course, before a members eventual retirement!)...to say nothing to what it did for their future employment/wage prospects. In causing business to be lost to the competition, there's little doubt that it cost tens of thousands of "could have been" UPS Teamster jobs...jobs that are now being filled by non-union workers at other firms, who also are now able to put quite a bit of pressure on Teamster wages. Not sure the union can absorb many "wins" like that.</p><p></p><p>Beyond that there's no "improvement of numbers" that will ever come close to making up for the losses UPS Teamsters eventually suffered in that "win"...just a record of money which was rightfully theirs being squandered on others by virtue of a failed power play.</p></blockquote><p></p>
[QUOTE="PobreCarlos, post: 973293, member: 16651"] Inthegame; Not saying it wasn't "prudent" at all; in fact, I thought the decision of the trustees was VERY prudent...but it was not indicative of a "win". The fact is, the union buckled, or "blinked", if you will. Beyond that, while the 6 billion might deal with part of the eventual problem, the fact is that missing $100, 000,000 did help set the path that Central States is on today...and calling that a "win" from a Teamster (or company) perspective would be a real stretch. As for the $6 billion itself, one can't help but think that, as the withdrawal liability UPS paid essentially for OTHER companies' employees, it represented a real shafting for UPS Teamsters...to the tune of about $133,000 OFF of each (then) UPS CDPF member's pension ( a sum which would have grown quite a bit, of course, before a members eventual retirement!)...to say nothing to what it did for their future employment/wage prospects. In causing business to be lost to the competition, there's little doubt that it cost tens of thousands of "could have been" UPS Teamster jobs...jobs that are now being filled by non-union workers at other firms, who also are now able to put quite a bit of pressure on Teamster wages. Not sure the union can absorb many "wins" like that. Beyond that there's no "improvement of numbers" that will ever come close to making up for the losses UPS Teamsters eventually suffered in that "win"...just a record of money which was rightfully theirs being squandered on others by virtue of a failed power play. [/QUOTE]
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