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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension Fund cuts
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<blockquote data-quote="Mugarolla" data-source="post: 1903032" data-attributes="member: 8481"><p>Did you just make up this number?</p><p></p><p>$6.1B to the CSPF is the only unexpected.</p><p></p><p>The other $4B is not unexpected. As a matter of fact, it is less than what UPS would have paid to CSPF over the life of the affected employees.</p><p></p><p>While the $6.1B was unexpected, that payment will save UPS 5 fold over the next 50 years.</p><p></p><p>If UPS got rid of the union pensions, would their stock price go up? Maybe.</p><p></p><p>If UPS got rid of all their dead weight, good for nothing, number cheating, dishonest, disrespected managers, their stock price would sky rocket.</p><p></p><p>And no, not everyone is like this. But there are far too many.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1903032, member: 8481"] Did you just make up this number? $6.1B to the CSPF is the only unexpected. The other $4B is not unexpected. As a matter of fact, it is less than what UPS would have paid to CSPF over the life of the affected employees. While the $6.1B was unexpected, that payment will save UPS 5 fold over the next 50 years. If UPS got rid of the union pensions, would their stock price go up? Maybe. If UPS got rid of all their dead weight, good for nothing, number cheating, dishonest, disrespected managers, their stock price would sky rocket. And no, not everyone is like this. But there are far too many. [/QUOTE]
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