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UPS Union Issues
Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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<blockquote data-quote="InsideUPS" data-source="post: 1105137" data-attributes="member: 31414"><p><a href="http://www.teamster.org/hostess" target="_blank">Teamsters-Hostess | International Brotherhood of Teamsters (IBT)</a></p><p></p><p>"<span style="color: #555555"><span style="font-family: 'Times'">While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.</span></span></p><p><span style="color: #555555">Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money."</span></p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1105137, member: 31414"] [url=http://www.teamster.org/hostess]Teamsters-Hostess | International Brotherhood of Teamsters (IBT)[/url] "[COLOR=#555555][FONT=Times]While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.[/FONT][/COLOR] [COLOR=#555555]Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money."[/COLOR] [/QUOTE]
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