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Brown Cafe UPS Forum
UPS Union Issues
UPS Profits Top $4.3 Billion
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<blockquote data-quote="beentheredonethat" data-source="post: 972236" data-attributes="member: 4886"><p>What is a fair share? Why is it that if a company makes a profit of roughly 12% that is considered bad? What should the companies profit margin be? I think it's ironic that the UPS drivers are paid the highest in the industry. The best wages, more money spent on your behalf for HW & Pension. The CEO has had large increases in his pay. Personally I am not crazy about it. However, compared to his peers, he is underpaid in comparison to other CEO's. Why is it that the drivers are paid the highest in the industry, and Scott Davis is no way near the highest in the industry and you complain about how he is overpaid? If he is, does this mean you are way overpaid? What should your pay rate be?</p><p></p><p>Personally, I think the pay rate is OK, I think the biggest issue as a company is we need to bring up the starting wage of the PT hourlies (probably by $2/hr minimum). With the pay rate FDX gives it's workforce (or non workforce in the respect of FDX Grd). They have some definite advantages. I see the next contract split contract, and severely slowing the rate of increase to Pen & HW. Therefore, you will start paying out of pocket more for H&W. Keep in mind. I am not saying a cut in what UPS contributes for HW&P. I am saying limiting the increases to closer to inflation. However, with medical going up much higher then inflation, it will mean more copays and coinsurance costs. All Mgmt now have been paying for HW for years. I have hundreds of dollars a month taken out of my pay check for my family.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 972236, member: 4886"] What is a fair share? Why is it that if a company makes a profit of roughly 12% that is considered bad? What should the companies profit margin be? I think it's ironic that the UPS drivers are paid the highest in the industry. The best wages, more money spent on your behalf for HW & Pension. The CEO has had large increases in his pay. Personally I am not crazy about it. However, compared to his peers, he is underpaid in comparison to other CEO's. Why is it that the drivers are paid the highest in the industry, and Scott Davis is no way near the highest in the industry and you complain about how he is overpaid? If he is, does this mean you are way overpaid? What should your pay rate be? Personally, I think the pay rate is OK, I think the biggest issue as a company is we need to bring up the starting wage of the PT hourlies (probably by $2/hr minimum). With the pay rate FDX gives it's workforce (or non workforce in the respect of FDX Grd). They have some definite advantages. I see the next contract split contract, and severely slowing the rate of increase to Pen & HW. Therefore, you will start paying out of pocket more for H&W. Keep in mind. I am not saying a cut in what UPS contributes for HW&P. I am saying limiting the increases to closer to inflation. However, with medical going up much higher then inflation, it will mean more copays and coinsurance costs. All Mgmt now have been paying for HW for years. I have hundreds of dollars a month taken out of my pay check for my family. [/QUOTE]
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UPS Profits Top $4.3 Billion
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