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Brown Cafe UPS Forum
UPS Partners
50% MIP, 12k employees being cut
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<blockquote data-quote="FonzieG" data-source="post: 5819815" data-attributes="member: 97876"><p>Nah, more about that the free covid ride is officially over. We will go back to unsexy, sub 3% growth forecasts until the next worldwide pandemic. I can see our stock going below $100 by this time next year. </p><p></p><p>UPS lost $6 billion to labor negotiations alone. That money would've helped the company better ride out the economic downturn. It was a colossal failure of leadership to drag on the negotiations as long as we did. Given the labor environment at that time, I still don't know why our negotiation committees decided to get cute and nonchalant about the damage the talks were having on our company. Now we have to cull 14% of our management Partners to subsidize the failures of our corporate + teamsters leadership. Nobody wins in this scenario. </p><p>Also I'm still getting the Tuesday morning customer complaints about late NDAs. If we have souped-up, elite operators that apparently don't need management, why is the damn Air late??!? I need a drink. Good luck to us all.</p></blockquote><p></p>
[QUOTE="FonzieG, post: 5819815, member: 97876"] Nah, more about that the free covid ride is officially over. We will go back to unsexy, sub 3% growth forecasts until the next worldwide pandemic. I can see our stock going below $100 by this time next year. UPS lost $6 billion to labor negotiations alone. That money would've helped the company better ride out the economic downturn. It was a colossal failure of leadership to drag on the negotiations as long as we did. Given the labor environment at that time, I still don't know why our negotiation committees decided to get cute and nonchalant about the damage the talks were having on our company. Now we have to cull 14% of our management Partners to subsidize the failures of our corporate + teamsters leadership. Nobody wins in this scenario. Also I'm still getting the Tuesday morning customer complaints about late NDAs. If we have souped-up, elite operators that apparently don't need management, why is the damn Air late??!? I need a drink. Good luck to us all. [/QUOTE]
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