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Brown Cafe UPS Forum
UPS Union Issues
Contract talks ... any news? C'mon feeder fill us in!
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<blockquote data-quote="stink219" data-source="post: 1087592" data-attributes="member: 29852"><p>Yes, what a lucrative central states pension there was. Your mixing up the facts though. It was UPS that need to pay 6.1 billion in unfunded liability which brought them from 48% funded to 70% funded overnight. The new pension was restructured to fit in the guidelines of the new pension rules at the time. You made it sound like the teamsters gave UPS 5 billion. Why do you think the the #1 reason the company would want to have a yes vote early? Keeping our business. I'm 100% on board for soaking this company for everything. Some of us can't afford to be lifetime part timers. As far as signing bonuses, that's been on the table, it's been in the proposal since the 80's in EVERY contract. That's why we have a "Brown Out".</p></blockquote><p></p>
[QUOTE="stink219, post: 1087592, member: 29852"] Yes, what a lucrative central states pension there was. Your mixing up the facts though. It was UPS that need to pay 6.1 billion in unfunded liability which brought them from 48% funded to 70% funded overnight. The new pension was restructured to fit in the guidelines of the new pension rules at the time. You made it sound like the teamsters gave UPS 5 billion. Why do you think the the #1 reason the company would want to have a yes vote early? Keeping our business. I'm 100% on board for soaking this company for everything. Some of us can't afford to be lifetime part timers. As far as signing bonuses, that's been on the table, it's been in the proposal since the 80's in EVERY contract. That's why we have a "Brown Out". [/QUOTE]
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