UPS: Pilots must agree to more cost savings

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 9, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS: Pilots must agree to more cost savings - Yahoo

    Shipping giant UPS is again telling its pilots they need to agree to more cost savings or the company will have to furlough at least 300 of them.

    UPS gave the same ultimatum to its roughly 2,800 pilots last year, but said it would delay furloughs for at least 10 months after pilots agreed to more than two-thirds of the cost cuts the company wanted.

    The two sides previously identified savings totaling roughly $90 million over three years, through pilots taking short- and long-term leaves of absence, military leaves, job sharing, reduction in flight pay guarantees, early retirement and other measures. UPS wanted $131 million in cost savings over three years.