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ups at 49
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<blockquote data-quote="airbusfxr" data-source="post: 462742" data-attributes="member: 11914"><p>The aircraft maintenace layoff is the start of something big. The stock is at 49 bucks and it will go lower. Nov 99 it was 77 bucks and the economy was booming, but less than 10 years later it is in the tank. The stock will go lower and employees will be let go in high numbers. The majority of the stock is owned by managers so outside investors are dumping because of high wages for managers (grade 20's). Until the company can control cost at the top, we at the bottom, will continue to lose our jobs. The company needs to cut I.E., L.P., Eng Dept., P.E., etc etc to make room for drivers so we can be competative with FDX. FDX is not "top heavy" and they will survivie the downturn in the economy.</p></blockquote><p></p>
[QUOTE="airbusfxr, post: 462742, member: 11914"] The aircraft maintenace layoff is the start of something big. The stock is at 49 bucks and it will go lower. Nov 99 it was 77 bucks and the economy was booming, but less than 10 years later it is in the tank. The stock will go lower and employees will be let go in high numbers. The majority of the stock is owned by managers so outside investors are dumping because of high wages for managers (grade 20's). Until the company can control cost at the top, we at the bottom, will continue to lose our jobs. The company needs to cut I.E., L.P., Eng Dept., P.E., etc etc to make room for drivers so we can be competative with FDX. FDX is not "top heavy" and they will survivie the downturn in the economy. [/QUOTE]
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