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TNT Deal?? & Billion Dollars?? What??
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<blockquote data-quote="beentheredonethat" data-source="post: 1080628" data-attributes="member: 4886"><p>I wish the cost of insurance stayed at a reasonable level, but it hasn't. However, I hope you realize that UPS is a company with shareowners many of whom have nothing to do with UPS except that they own a portion of the business. Although UPS is profitable, the level of profit isn't outrageous (roughly 10% profit margin). UPS already pays to it's drivers the highest pay rate in the industry. We have been paying the highest pay rate in the industry for years. The benefits the teamsters recieve is better then the benefits mgmt receives. A contract was agreed to that UPS is abiding by in paying for a very large portion of H&W costs. However, the cost went above the threshold where UPS covers 100% and now the extra is shared between the retiree and UPS. (which again as was pointed out is better then mgmt). Also, truthfully, I think a lot of the bigwigs in Atlanta really have the opinion that the teamsters struck the company in 97 that seriously hurt it and helped the competition. I think it put a large wedge between the teamster and mgmt and that wedge still exists. It seems when UPS pays a good rate and had great HW for years it was due to the "teamsters". </p><p></p><p>Look at 90% of the posts by hourlies, they bash and criticize UPS and mgmt. Then we get posts like this saying it's not fair, UPS should do more for us. If you were bashed over and over, would you help someone out? </p><p></p><p>How would you explain ths to shareowners of the company saying we will pay millions and millions of dollars to former UPS'ers just to be nice? How would you feel if you had a portion of your retirement savings in a stock of a company and that stock went down to this type of decision? </p><p></p><p>We need to look at it from al sides. </p><p></p><p>Again, I wish UPS covered all costs of insurance. As I indicated earlier, I've been paying hundreds and hundreds of dollars per month for years now.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1080628, member: 4886"] I wish the cost of insurance stayed at a reasonable level, but it hasn't. However, I hope you realize that UPS is a company with shareowners many of whom have nothing to do with UPS except that they own a portion of the business. Although UPS is profitable, the level of profit isn't outrageous (roughly 10% profit margin). UPS already pays to it's drivers the highest pay rate in the industry. We have been paying the highest pay rate in the industry for years. The benefits the teamsters recieve is better then the benefits mgmt receives. A contract was agreed to that UPS is abiding by in paying for a very large portion of H&W costs. However, the cost went above the threshold where UPS covers 100% and now the extra is shared between the retiree and UPS. (which again as was pointed out is better then mgmt). Also, truthfully, I think a lot of the bigwigs in Atlanta really have the opinion that the teamsters struck the company in 97 that seriously hurt it and helped the competition. I think it put a large wedge between the teamster and mgmt and that wedge still exists. It seems when UPS pays a good rate and had great HW for years it was due to the "teamsters". Look at 90% of the posts by hourlies, they bash and criticize UPS and mgmt. Then we get posts like this saying it's not fair, UPS should do more for us. If you were bashed over and over, would you help someone out? How would you explain ths to shareowners of the company saying we will pay millions and millions of dollars to former UPS'ers just to be nice? How would you feel if you had a portion of your retirement savings in a stock of a company and that stock went down to this type of decision? We need to look at it from al sides. Again, I wish UPS covered all costs of insurance. As I indicated earlier, I've been paying hundreds and hundreds of dollars per month for years now. [/QUOTE]
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