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Brown Cafe UPS Forum
UPS Union Issues
TDU in action at ups!
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<blockquote data-quote="Inthegame" data-source="post: 973554" data-attributes="member: 37112"><p>The eventual concession that led to whose betrayal? If you're imagining the 2008 financial collapse was in the minds of the '97 negotiating team, put down the pipe. One would do well to remember the financial times of the 1990's. Market returns are the prime factor in Pension Fund growth, not contributions. The Dow was through the charts. In the prior contract the Dow increased more than 128%. From Feb through July of '97 the Dow increased by 1000 pts. In the next three years the Dow went up another 3000 pts. Market returns were between 20%-25% in Pension Funds. UPS's '97 abatement represented approximately 2.5% of the annualized returns in CS in '97. </p><p>With this front and center the UPS Teamster negotiators should have left CS for a unknown company offer? </p><p></p><p>It's real easy to have answers after the fact.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 973554, member: 37112"] The eventual concession that led to whose betrayal? If you're imagining the 2008 financial collapse was in the minds of the '97 negotiating team, put down the pipe. One would do well to remember the financial times of the 1990's. Market returns are the prime factor in Pension Fund growth, not contributions. The Dow was through the charts. In the prior contract the Dow increased more than 128%. From Feb through July of '97 the Dow increased by 1000 pts. In the next three years the Dow went up another 3000 pts. Market returns were between 20%-25% in Pension Funds. UPS's '97 abatement represented approximately 2.5% of the annualized returns in CS in '97. With this front and center the UPS Teamster negotiators should have left CS for a unknown company offer? It's real easy to have answers after the fact. [/QUOTE]
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