Buy Out

Discussion in 'UPS Partners' started by Hadenuff, Mar 18, 2007.

  1. Hadenuff

    Hadenuff Guest

    Anyone hearing any rumors on a buyout and/or pension change?
  2. 71chevy

    71chevy Member

    For who, management or hourlys?
  3. trickpony1

    trickpony1 Well-Known Member

    I was wondering the same thing. The original poster (OP) wasn't real clear.
  4. raceanoncr

    raceanoncr Well-Known Member

    If so, I'm there!!!!! No matter WHAT the offer!!!!! Two weeks at this job is ENOUGH!!!!!
  5. Sammie

    Sammie Well-Known Member

    The only thing I've been told about is a small buyout for a few corporate folks - 3rd story on following link:

    thin gray line: Baby Boomers
  6. HazMatMan

    HazMatMan New Member

    My price stands at ONE MILLION DOLLARS after taxes...(I'm not greedy)
  7. dumbsup

    dumbsup Member

    Hazmat man probaly sitting on millions in stock and waiting for a buyout, he sounds like a typical 20+ year manager who gets more in Div. per year than most sup's salaries.
  8. HazMatMan

    HazMatMan New Member

    WOW!!! you are so wrong dude... not a management person, never was, never will be.. I just have high hopes that one day they will approach me and ask me my price to be bought out. BUT, I guess that will be when hell freezes over, BUT, I can still dream............
  9. Dutch Dawg

    Dutch Dawg Active Member

    It amazes me to think that anyone could believe UPS union hourly employees would be offered any kind of buyout. What logic would apply for the company to justify such a proposal?
  10. trickpony1

    trickpony1 Well-Known Member

    It's called "cash flow".
    For each one of us old-timers making top dollar, 6-7 weeks vacation per year, slower productivity (broken down body) and increased chance of filing worker's comp that the company can replace, somewhere down the line, with a bouncy, bulletproof, 22 year old making 75% pay (with 2 year progression), only 1-3 weeks vacation, "run and gun" productivity rate and zero chance of getting hurt.....that's money in the company's pocket.
    You can bet the number crunchers in the Ivory Towers have already put a calculator to this.
  11. HazMatMan

    HazMatMan New Member

    Who says UPS does anything with logic?? It's all about number crunching and saving dollars..
  12. tieguy

    tieguy Banned

    if you're talking a pension and beni buyout and you have thirty years in that may not be an unreasonable demand.
  13. 2soon4me

    2soon4me New Member

    Haz Mat--Good luck getting your million out of the union. They hold your pension.
  14. dumbsup

    dumbsup Member

    didn't think you were mgt.. Just sounds like a person I know who is mgt and cries poor and is waiting for the 1,000,000 buyout while he siuts on 4,000,000+ in stock...
  15. HazMatMan

    HazMatMan New Member

    Trust me, I AM poor....
  16. upswayne

    upswayne New Member

    'heard that rumor from 3 different sources this week. there is a formula based on years of service x $, minimum age 50, with benefits. 'much along the same line as the last buyout.
  17. Cezanne

    Cezanne New Member

    If there is a buyout coming similar to the mid-nineties one it is only going to be for management. The rest of us union employees would have to rely on the next negotiated contract with the teamsters for any resolution to working till we drop. Truth be told, I have seen too many fellow employees eliminated from any pension benefits because of their physical condition, whether on the job or off. Just the nature of the job will grind your spine to dust in the long haul, let alone the natural aches and pains of aging. Lets see how standards are set with busted up, old 50+ and angry package car drivers. The prospect of getting hurt enought to be eliminated from your job description is always a possibility, then what? Not to be bitter about it but face it most management went into their positions when they realized the folly of keeping up the physical demands required from most of the union jobs. What has happened over the years that most of them were provided most of the gravy as far as perks, benefits and promotions while the union counterparts, just as capable and some probadly more were given the table scraps. I would not trade the situation of not being unionized, but the fiasco of seeing the political and corruption backbiting with dealing with the union currently has not helped. Seems that the number one priority with our union is to keep the status quo instead of doing their work of providing equal pay and benefits to ALL it's members, not just the selected few. God, am I tired of being lied to by both sides. Try to be accountable and admit mistakes and correct them no matter how it hurts, no all I see is slick willy stuff of passing the buck and blame.

    Guess we will find out with the end of this month if these early negotiations were business as usual. Brings to mind the old Who song Baba O'reilly: "New boss same as the old boss " or "We won't be fooled again"! :cool:
  18. messenger

    messenger New Member

    The only buy-out I've seen all year, has been a kickintheass and good riddance to quite a few people in all levels ISNJ and it is not pretty.
  19. end of quarter. time for some news. I think we will hear something about pension cost reductions for managment and management reductions. Can't end with just 200 corp admins and a few management people.