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UPS to cut sorting shifts in New York, Rhode Island and Virginia
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<blockquote data-quote="dudebro" data-source="post: 5846610" data-attributes="member: 11234"><p>Right or wrong this management group told investors they'd make CoVid profits for the forseeable future and now the revenue doesn't support that cost structure. </p><p></p><p>So, yes, making 9 billion instead of 12 billion a year means UPS isn't delivering on their Wall St. promises, and BlackRock, Vanguard, and State Street bank want to know what UPS is going to do about it, otherwise they'll tell their investors to dump the stock, and that's where the true power resides in the world economy, not with the Boards of Directors.</p><p></p><p>Obviously the company never met a margin improvement it didn't like, but if you think the increased cost of labor had nothing to do with the acceleration in the reduction in labor force, management and hourly, you're mistaken.</p></blockquote><p></p>
[QUOTE="dudebro, post: 5846610, member: 11234"] Right or wrong this management group told investors they'd make CoVid profits for the forseeable future and now the revenue doesn't support that cost structure. So, yes, making 9 billion instead of 12 billion a year means UPS isn't delivering on their Wall St. promises, and BlackRock, Vanguard, and State Street bank want to know what UPS is going to do about it, otherwise they'll tell their investors to dump the stock, and that's where the true power resides in the world economy, not with the Boards of Directors. Obviously the company never met a margin improvement it didn't like, but if you think the increased cost of labor had nothing to do with the acceleration in the reduction in labor force, management and hourly, you're mistaken. [/QUOTE]
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UPS to cut sorting shifts in New York, Rhode Island and Virginia
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