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UPS Union Issues
2024 COLA is going to be lost to new contract addition
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<blockquote data-quote="Its_a_me" data-source="post: 5926020" data-attributes="member: 93115"><p>In the last contract, the union <s>gave away</s> bargained our COLA increases for 2024. The bold part below was the added <s>giveaway</s> bargaining that wasn't in previous contracts.</p><p></p><p></p><p></p><p>The estimate from analysts are out ahead of the official (Wed) June 12th release date...</p><p></p><p></p><p></p><p>source: <a href="https://www.barrons.com/articles/fed-meeting-inflation-cpi-apple-wwdc-broadcom-oracle-earnings-stock-a54391b4" target="_blank">https://www.barrons.com/articles/fed-meeting-inflation-cpi-apple-wwdc-broadcom-oracle-earnings-stock-a54391b4</a></p><p></p><p>This means the COLA would have been $0.0362 under the old contract--<strong>but is less than $0.05 which our union <s>gave away</s> bargained. SO WE GET NOTHING.</strong></p><p><strong></strong></p><p><strong>Our union lost us about $61.00 based on 2040 hours a year</strong>. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded.</p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5926020, member: 93115"] In the last contract, the union [S]gave away[/S] bargained our COLA increases for 2024. The bold part below was the added [S]giveaway[/S] bargaining that wasn't in previous contracts. The estimate from analysts are out ahead of the official (Wed) June 12th release date... source: [URL]https://www.barrons.com/articles/fed-meeting-inflation-cpi-apple-wwdc-broadcom-oracle-earnings-stock-a54391b4[/URL] This means the COLA would have been $0.0362 under the old contract--[B]but is less than $0.05 which our union [S]gave away[/S] bargained. SO WE GET NOTHING. Our union lost us about $61.00 based on 2040 hours a year[/B]. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded. [/QUOTE]
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2024 COLA is going to be lost to new contract addition
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