Another Mgmt Buyout

upsandDOWNS · 07-18-2007, 04:12 PM

Once again another buyout has surfaced. September is the date. Here we go again!!!!!!!!!!!

hdkappler · 07-18-2007, 04:53 PM

if that's the case a lot of managers who have been with brown could retire.

bad company · 07-18-2007, 05:05 PM

Details? Source? More info please...

nhguy · 07-19-2007, 07:29 AM

UPSanddowns,

You need to elaborate on this. Everything I hear is that the company hasn't yet decided anything regarding, benefits, pensions, salary/mip. I would agree that it would be logical to expect something between now and October 1, 2007. Afterall the new MIP year starts on October 1, the flex benefits start to renew in late October / early November. You may be on to something, but you need to elaborate where and what you are hearing .

HazMatMan · 07-19-2007, 08:42 AM

I am still waiting for my buyout offer as an hourly from UPS. I stand firm at 1 million dollars after taxes..

UPS Lifer · 07-19-2007, 11:10 AM

Quote:

Originally Posted by upsandDOWNS

Once again another buyout has surfaced. September is the date. Here we go again!!!!!!!!!!!

I would hate to see you all get your hopes up because some unsubstantiated rumor gets started like this one. We are in a pre-contract year. My experience tells me that the company will not consider a management buyout (or early retirement) espeicially with small package operations folks.

As you may remember, the only small package buyout came after the settlement of the '97 contract dispute.

It is very disappointing to see a thread like is get started without any detail. The handle "upsandowns" says it all.

OldUPSDriver · 07-19-2007, 12:02 PM

I believe the first "buyout" was in 1995 involving 4K management.

upsandDOWNS · 07-19-2007, 04:18 PM

ups lifer, If I had the info you would have received it. This is why I posted. We have heard another buyout, but waiting for contract and they have already targeted 53 and over in the district.....SO IF ANYBODY HAS SOME INFO USE A MESSAGE BOARD, LIKE THIS ONE AND LET US KNOW

tieguy · 07-19-2007, 06:46 PM

Quote:

Originally Posted by OldUPSDriver

I believe the first "buyout" was in 1995 involving 4K management.

Correct on the year. As my district manager at the time said "we ain't downsizing we are rightsizing"

alwaysaware · 07-19-2007, 07:15 PM

Would be one heck of a kick-off for the next 100 years of UPS.....

rebel · 07-19-2007, 08:02 PM

Is it just me or does it seem like that only new hires and part timers for the most part are the only ones trying to get into supervision? I hardly ever hear of ft employees wanting to advance with our company. I do not want a shouting match, please.

07-19-2007, 08:12 PM

new compensation plan coming in January based on recent 'total rewards survey' ...and if 'newyorker' is lurking maybe he can shed some light on it---

fredly00 · 07-19-2007, 11:41 PM

Quote:

Originally Posted by rebel

Is it just me or does it seem like that only new hires and part timers for the most part are the only ones trying to get into supervision? I hardly ever hear of ft employees wanting to advance with our company. I do not want a shouting match, please.

Define advance?

To some the pinnacle is feeders

For others the pinnacle is district mgr.. or higher...

For some others OMS

I think you get the picture... "to each their own"

Not everyone can be a manager... cause well
if everyone in the world had the same job..(position)
well it wouldn't work. You get the picture

tieguy · 07-20-2007, 12:28 AM

Quote:

Originally Posted by rebel

Is it just me or does it seem like that only new hires and part timers for the most part are the only ones trying to get into supervision? I hardly ever hear of ft employees wanting to advance with our company. I do not want a shouting match, please.

I wasn't shouting I thought you couldn't hear

I think you're somewhat right. Most of our management comes in and follows a career plan of pt to ft management or sometype of specialist to full time management. You don't see many drivers who have been in the ranks any length of time coming forward to take that responsibility.

longlunchguy · 07-20-2007, 03:01 AM

you are correct, benevolent one, and personally i didn't want to take the initial pay cut to join the mgmt. team

JustTired · 07-20-2007, 05:51 AM

Why would anyone want to go into management these days?

At this point in time we have managers who aren't allowed to manage.
Supervisors who are pkg runners.
Account Executives that spend half their day accounting for what they did the other half (which was to read their emails and take conference calls).
Yeah....that sounds like something I'd be interested in devoting my life to.
UPS is looking for a few good "Yes" men.

nhguy · 07-20-2007, 06:28 AM

Once again, we go off topic. If you guys want to discuss promotions into management, please start another thread.

HazMatMan · 07-20-2007, 09:57 AM

Quote:

Originally Posted by rebel

Is it just me or does it seem like that only new hires and part timers for the most part are the only ones trying to get into supervision? I hardly ever hear of ft employees wanting to advance with our company. I do not want a shouting match, please.

I have seen full-time drivers go into management. I guess they got sick of delivering, but now this guy goes on the road almost every day. Go figure.

beatupbrown · 07-21-2007, 06:34 AM

Speaking of rumors I hear that UPS is dropping Liberty Mutual for work comp claims.
Liberty Mutual is trying to settle most long term work comp claims.

07-21-2007, 10:32 AM

Manager here - and I'd love to see another buyout. I didn't even consider it the last time I qualified for one but I'd look very hard at it now. I like UPS but things are bad for management right now. Corporate is over-committing to our customers and I have to beg drivers to help out because doing so is optional for them. This environment puts a terrible squeeze on managers and supervisors. Just ask how many managers and supervisors were required to work today (a 6th day) due to corporate's Harry Potter commitment to the union. I could do it if I had control of my destiny but I don't want to spend 15 more years cleaning up messes that I can't control. Bring on the buyout!

Cezanne · 07-21-2007, 03:21 PM

Hourly here: On the ground level I have never seen any management who wanted to hang around any longer than necessary. The real problem is the extending of the golden carrot for all of us. I am afraid that the cutting of retirement benefits and medical is on corporate's agenda. How will they justify paying it's union members peanuts and grant a select few millions, so expect your pension to go in line with what an union member would get with the same numbers of years. No more double standards, they good thing about your ability to wait till 60 is that for the most part you should last physically. Can that be said to the hourlies who are pushing packages.

It is a shame that with the monies that were vested for all of us that we are even discussing any gutting of pension/medical benefits. Just how much profit is enought and how it is divided will be brought to the table in due time.

ihadit · 07-21-2007, 03:51 PM

Quote:

Originally Posted by rebel

Is it just me or does it seem like that only new hires and part timers for the most part are the only ones trying to get into supervision? I hardly ever hear of ft employees wanting to advance with our company. I do not want a shouting match, please.

When you have worked for this company 20+ years and see how people are treated by the so called 'partners'; I don't know why anyone would want to "advance" with this company! Most likely the new hires and part timers are easily coerced.

bighammer · 07-21-2007, 06:07 PM

UPS will wait for the contract to ratified before any buyout. They have to see what the cost of the contract will be.

I am sure that many of the management with the time, will take a buyout. The company has changed to a numbers game and reports with useless information that front line manager or customer want or

need.

tieguy · 07-21-2007, 07:00 PM

Quote:

Originally Posted by bighammer

UPS will wait for the contract to ratified before any buyout. They have to see what the cost of the contract will be.

I am sure that many of the management with the time, will take a buyout. The company has changed to a numbers game and reports with useless information that front line manager or customer want or

need.

maybe . the other side of it may be that the bill to bail out the CS plan is so big that they have to implement immediate cost cutting to pay for it all.