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The Latest UPS Headlines
UPS Forecasts Profit Less Than Estimates; Sales Fall
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<blockquote data-quote="ScrapperK" data-source="post: 569578" data-attributes="member: 23982"><p>While in agreement that sales did not meet expectations, and were down, I was more directing to the point that UPS did score an incredible profit in a down market. If just the profit was distributed equally among all employees, (415,000 at last estimate) this would mean + $2600 to each employee. Would each emplyee gain a $2600 increase based on merit? Certainly not. There is however plenty of 'extra' cash lying around to meet a merit increase to all employees, for the outstanding job of keeping the company afloat during these tough economic times.</p><p> </p><p> The message we recieved from our managers was that sales are down by %x percent , doom and gloom on the horizon. I just wanted to point out to my fellow Browns that things were not as poor as they have been painted for UPS.</p></blockquote><p></p>
[QUOTE="ScrapperK, post: 569578, member: 23982"] While in agreement that sales did not meet expectations, and were down, I was more directing to the point that UPS did score an incredible profit in a down market. If just the profit was distributed equally among all employees, (415,000 at last estimate) this would mean + $2600 to each employee. Would each emplyee gain a $2600 increase based on merit? Certainly not. There is however plenty of 'extra' cash lying around to meet a merit increase to all employees, for the outstanding job of keeping the company afloat during these tough economic times. The message we recieved from our managers was that sales are down by %x percent , doom and gloom on the horizon. I just wanted to point out to my fellow Browns that things were not as poor as they have been painted for UPS. [/QUOTE]
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