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Brown Cafe UPS Forum
UPS Union Issues
Yes or NO on NEW CONTRACT?
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<blockquote data-quote="GuyinBrown" data-source="post: 249541" data-attributes="member: 9444"><p>Unfortunately, the fate of Central States affects the entire company. My personal view is that if we remain in CS, it will end up being an albatross around the company's neck as they are forced to pump more and more money into it to keep it afloat while more and more non-UPS retirees suck it dry. This is the kind of financial situation that is currently dragging the domestic auto industry down the tubes as they struggle to find the money to fund their pension obligations. The difference is that UPS has an opportunity to buy itself out of this situation now, before the financial burden gets out of control. If they can't, it wouldn't just affect the "cental states" portion of UPS, it would affect the company as a whole.</p></blockquote><p></p>
[QUOTE="GuyinBrown, post: 249541, member: 9444"] Unfortunately, the fate of Central States affects the entire company. My personal view is that if we remain in CS, it will end up being an albatross around the company's neck as they are forced to pump more and more money into it to keep it afloat while more and more non-UPS retirees suck it dry. This is the kind of financial situation that is currently dragging the domestic auto industry down the tubes as they struggle to find the money to fund their pension obligations. The difference is that UPS has an opportunity to buy itself out of this situation now, before the financial burden gets out of control. If they can't, it wouldn't just affect the "cental states" portion of UPS, it would affect the company as a whole. [/QUOTE]
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Yes or NO on NEW CONTRACT?
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