Management Early retirement option coming in January

[Six Sides]

I’ve heard this from several people; they seem to think it is a go in the first quarter.

[tieguy]

Originally Posted by DorkHead

I believe it is 55. Correct me if I`m wrong Tie. Hope you`re feeling better!

these ERO's usually start with the age of 50. though if they offer one it could be any age between 50 and 55 depending on how many management they wish to lose.

[BURMDPsupe]

Originally Posted by pretzel_man

...The current budgets call for 2.5% raises for management.

Oddly enough, I heard the same exact number last week.

I'm not "buying" the buy out, especially with the new positions that are opening up in marketing.

M-

[BSUUPS]

Originally Posted by BURMDPsupe

Oddly enough, I heard the same exact number last week.

I'm not "buying" the buy out, especially with the new positions that are opening up in marketing.

M-

I see the Locallized marketing positions fitting in with the mass consolidation concept. I am hearing from several different directions that there will be large region and Ditrict collapses. I know in my region the top region brass is visiting districts to have some impromptu staffing meetings.....And I have heard it is happening in a neighboring region. Something is going on...and I am hearing it from many independant channels. IF the consolidation is as deep as I am hearing I don't see how buyout will not be part of the deal.

[randomUPSISer]

Originally Posted by pretzel_man

The current budgets call for 2.5% raises for management. They also call for about 4% to 6% attrition. I think we are pretty much on track for that.

Is this a confirmation that the raise/promotion freeze will be gone in march?

[Dis-organized Labor]

Originally Posted by pretzel_man

While I have no specific information, my district manager friends in Atlanta say no.. No buyout is coming.

Last year, the management committee said that there would not be a buyout or ERO. There is no information to think otherwise.

The current budgets call for 2.5% raises for management. They also call for about 4% to 6% attrition. I think we are pretty much on track for that.

P-Man

Is the 2.5 for 2010?
What does the 4-6% mean? I may not trust you anymore unless you articulate this to an understandable level.

Thanks!!

[brownmonster]

Originally Posted by Dis-organized Labor

Is the 2.5 for 2010?
What does the 4-6% mean? I may not trust you anymore unless you articulate this to an understandable level.

Thanks!!

4 to 6% of Mgmnt will leave on their own, IE quit or retire .

[Six Sides]

I know of at least 5 managers that have postponed retirement waiting to see what happens in the first quarter.

[randomUPSISer]

Originally Posted by brownmonster

4 to 6% of Mgmnt will leave on their own, IE quit or retire .

With continued reduction in benefits and no raises I suspect that figure is low.

[slantnosechevy]

The people from time study are visiting center to center giving anywhere from 15 min. to an hour and a half back to every driver. All calculations were taken from Feb. 11th. We all know how this company likes to rob from Peter to pay Paul. If they do this nationwide like they said they're going to do that means heads are going to roll. Sounds like they found out it's a waste of money for OC Supes to be riding everyday. If they give drivers time back everyone runs scratch or better. Where do they get the money in tough times to do this?? Less management.

[Hoaxster]

Originally Posted by Six Sides

I know of at least 5 managers that have postponed retirement waiting to see what happens in the first quarter.

Hearing interesting rumors about a retirement offer to 2000 management 55 years of age or older in first quarter 2010 with a expiration date of April 30, 2010.
Packets are being prepared offshore.
It would be interesting to see what it is

[randomUPSISer]

Originally Posted by Hoaxster

Hearing interesting rumors about a retirement offer to 2000 management 55 years of age or older in first quarter 2010 with a expiration date of April 30, 2010.
Packets are being prepared offshore.
It would be interesting to see what it is

That would be exceptional. There are a ton of people right around that age that are just sitting around waiting to retire anyway. (coasting?)

We need less management, and to clear room for the talented sitting below them to move up and bring the company some fresh ideas.

[brownmonster]

Originally Posted by randomUPSISer

That would be exceptional. There are a ton of people right around that age that are just sitting around waiting to retire anyway. (coasting?)

We need less management, and to clear room for the talented sitting below them to move up and bring the company some fresh ideas.

I've seen the younger Mgmnt waiting in the wings and it scares the crap out of me.

[Six Sides]

Originally Posted by Hoaxster

Hearing interesting rumors about a retirement offer to 2000 management 55 years of age or older in first quarter 2010 with a expiration date of April 30, 2010.
Packets are being prepared offshore.
It would be interesting to see what it is

I heard it is to include management 50 and over with 25 years or more.

[randomUPSISer]

Originally Posted by brownmonster

I've seen the younger Mgmnt waiting in the wings and it scares the crap out of me.

I guess it depends on where you are and who you are thinking. I'm hoping the scary ones will sit right where they are and only the good ones will move into positions of importance.

[brownmonster]

Originally Posted by randomUPSISer

I guess it depends on where you are and who you are thinking. I'm hoping the scary ones will sit right where they are and only the good ones will move into positions of importance.

I would hope that is how it works.

[pemanager]

Originally Posted by randomUPSISer

Is this a confirmation that the raise/promotion freeze will be gone in march?

The increase is in the business plan for 2010 but it is not a given. There was also an increase in salary for management in the 2009 business plan that never came to fruition.

[Cezanne]

Here we go again, another rumor about management ERO/Buy out. Do not see it, the people in charge will go about it through attrition. When people quit or retire they just will eliminate that position. The company has been doing that for years with it's hourly employees, why change standards of practice now. I expect severe increases with the medical retirement package to keep people from retiring before age 65, that is when medicare kicks in. Save alot of money that way. Maybe extend the retirement age to 62 and such just to make it more interesting.

Would be interesting to see the attrition rate for any employee, hourly or management in order for them to collect any pension benefit. Frankly speaking anybody who has been with the company for over 25 without major medical problems, terminated or quiting has to be high. I guess survival of the fittest (Darwin's theory).

[upsgrunt]

It seems to me the nature of UPS is that they will not reward you financially to leave early when they can indirectly force you you to do the same for nothing.
If that makes no sense, try it this way:
Instead of paying someone to retire early, why not make their work life a living hell so they quit and the cost to UPS is nothing.

[Baba gounj]

Originally Posted by upsgrunt

It seems to me the nature of UPS is that they will not reward you financially to leave early when they can indirectly force you you to do the same for nothing.
If that makes no sense, try it this way:
Instead of paying someone to retire early, why not make their work life a living hell so they quit and the cost to UPS is nothing.

That is called a typical workday at UPS.

When I retire I will be quitting, but with a big smile on my face.

[sosocal]

Originally Posted by Hoaxster

Hearing interesting rumors about a retirement offer to 2000 management 55 years of age or older in first quarter 2010 with a expiration date of April 30, 2010.
Packets are being prepared offshore.
It would be interesting to see what it is

This one makes a lot of sense.....I could see this definately on the table.

[Fishcat]

Rumor has it that the OKC district office will be in the consolidation---any others?