Whats the buzz in management? - Page 2 - Brown Cafe

BSUUPS · 07-10-2006, 07:49 PM

HERE IS THE BUZZ...Management Pension plan is changing-but not in 2 weeks,... will be announced "2 weeks" after ERI. It is the Rule of 62. If you were born after 62 your new retirement age will now be (you guessed it) 62!..There is some fine print and legaleze, but that is the deal in a nutshell. You can still leave after 55 with some limited benefits and pension, but it is severely penalized. Fortunately I was born in 59 so I am all good...ALL I can say (wihtout losing my job) is that this is on a good source. The details are sketchy but the Rule of 62 is inevitable.

DS · 07-10-2006, 07:55 PM

As for that $500k,wouldn`t at least half go to the government?
It works out to about 4 years pay.Tooner,you better have some money stashed or maybe apply at fedex to supplement your income.

Ms Spoken · 07-10-2006, 08:30 PM

I'm with you Tooner... I would take the buy out.... But, I need a bit more info before I sign

07-10-2006, 09:03 PM

Management was not allowed to leak this out, but even their most clandestine ways have failed. The buzz is that every center manager is required to collect a DNA sample for cloning of the very best drivers, you know the ones who work off the clock, never take lunches or breaks and never say "no" to more work and keep coming back for more. In a perfect world my own personal wish would be that every member of management is to receive a lobotomy and install new emotions like empathy, truthfulness, and most of all the ability to recognize reality.

tieguy · 07-10-2006, 11:57 PM

I got the inside word today on the rumor. They are increasing the size of the xmas bird by 3 pounds and adding a box of stove top this year.

toonertoo · 07-11-2006, 04:09 AM

Tieguy, Thats good.
I would take the buyout, invest it well and go to work somewhere else. Im not stupid, I know it wouldnt last long, but it would be a cushion to start over.

wkmac · 07-11-2006, 04:49 AM

Quote:

Originally Posted by tieguy

I got the inside word today on the rumor. They are increasing the size of the xmas bird by 3 pounds and adding a box of stove top this year.

That's a good one!!!!!

But it has a twist you left out. The original post that started this thread said this rumor would effect management only. So the real truth is since Glenlake has sliced and diced your bennies and MIP from what it was in the past, this is Glenlake's way of throwing you a bone. A Turkey bone!

over9five · 07-11-2006, 05:14 PM

"I would take a buy out.............."

Me too. Pay off the mansion, and get a job at McDonalds.

over9five · 07-11-2006, 05:17 PM

"They are increasing the size of the xmas bird by 3 pounds..."

LOL!!! Nice!

scratch · 07-11-2006, 05:52 PM

Hell, why don't they give us a Honeybaked Ham instead of a Turkey? We used to get a turkey and a $1000.00 bonus at Christmas. (660.00 after taxes)

disneyworld · 07-11-2006, 07:26 PM

Quote:

Originally Posted by scratch_king

Hell, why don't they give us a Honeybaked Ham instead of a Turkey? We used to get a turkey and a $1000.00 bonus at Christmas. (660.00 after taxes)

How long ago was that?

brownieboy · 07-11-2006, 07:57 PM

"They are increasing the size of the xmas bird by 3 pounds..."

LOL that would mean twice as much bird. Im getting the oven ready now!

mrbill · 07-12-2006, 04:44 AM

Another company that knows what it is doing is buying UPS

dave_socal · 07-12-2006, 04:52 PM

Quote:

Originally Posted by sendagain

Well why not just open warehouses in cities and have the packages set out in aisles like Walmart? You could notify the customer when their packages arrived, have the facility open about 18 hours a day and let them come down and pick up their stuff. Large accounts could pay extra for personal delivery, and customers out of the way could pay for a driver to take them their package. The delivery fleet could be cut in half, and you just might be able to mechanize a large portion of the system with robots. Maybe you could just push a button and your packages would come down a chute right to your car. Just send an email to anyone getting a package and let them stop by the UPS terminal at their convenience. Maybe even put in a foodcourt and some theatres.

You just sent a chill down my spine ... oh wait i'm in feeder now ..sounds okay to me. lol

outta hours · 07-12-2006, 08:25 PM

I used to love that Christmas bonus. Way more than the turkey.

07-17-2006, 07:25 PM

How can a company survive without good managment?

How can a company have good management if the job is not attractive to good people?

In the last few years the following have changed for management:

1)Reduction of medical benefits and increased out of pocket costs
2) Restricted stock awards (MIP)
3) Restructuring to reduce the number of managment people and increase responsibility
4) Tution reinbursement reductions and restrictions
5) MIP reduction (earlier formula was directly related to profit, current method does not increase with profits)

A new sup makes about the same as his hourly counterparts. Most of the financial incentives have been reduced, eliminated of have become uncertain for management.

Now the rumor of reduction of retirement benefits seems to be nearing reality.

What is the incentive to become part of management at UPS?

Do you think the management sucks now?

What do you think it will be like when the rest of the incentives are gone?

Present management losers will stay, future losers will get promoted, and the good management people will go where there are good incentives.

Packages will continue to move and volume will increase as internet and worldwide trade increases. UPS or FedX or DHL or some other company will be there to move them. We will all have a job somewhere.

The question is, where will the good people be employed?

Wherever that is, is where we will see success in moving packages. Success is not in the trucks or belts or buildings. It's in the quality of the people, both management and hourly.

At the rate UPS is going there won't be many good people left before long.

toonertoo · 07-17-2006, 08:33 PM

Good post UPS X3, but since you didnt register, we cant vote for you.

wornoutupser · 07-20-2006, 08:13 PM

Back to the original post, what was the "buzz"?

We never heard any rumors this way about the management buyout or any other buyouts. Any new news out there?

07-21-2006, 03:28 PM

I would expect the new news to be announced with the earnings report on Tuesday

wornoutupser · 07-29-2006, 05:51 AM

Any news yet besides the stock going down so far?

wkmac · 07-29-2006, 06:09 AM

Quote:

Originally Posted by Kentucky UPSer

Rumor has it a huge announcement in 2 weeks about management, anyone have a clue what this is about?

The announcement is yet to come (now 3 weeks later) so the only thing "huge" here is the imagination of Col. Sanders who started this thread or his ability to try and stir the pot with absolutely nothing. With 2 pages of posts I'd say he stirred it pretty good!

" he beat you with nothing.....I mean nothing! Move over and let me sit next to my boy Luke. Coolhand Luke!"

07-29-2006, 08:11 AM

The poster that said something big is coming in the next two weeks may not have been that far off.....if you have heard recently, the pension reform bill was expected to get finalized the last week or two...perhaps the plan was to have the pension thing in stone combined with the fact that soemone knew we would piss off the "street"...what better way to announce tweaking the mgmt pension plan when you can blame it on the feds, the weaker than expected earnings and the upcoming teamsters contract....

Perhaps the other message recently started on the pension plan shows what is in store....right now, I am feeling like this company has begun its' slow death....we are the high cost provider and like the Mcdonald's of the fast food business and the GM of the auto business....it is a shame because I feel we pay the drivers and other hourly employees what they deserve and the competition is getting away with murder....and the management is taking he brunt right now....