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Brown Cafe UPS Forum
UPS Retirement Topics
Could this happen here?
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<blockquote data-quote="NViousGK" data-source="post: 949944" data-attributes="member: 40658"><p>I'm new to these forums, but I have worked with UPS a long time. Kodak is a company whose days are numbered. How many people do you see buying film any more? It wasn't all that long ago when you would go to a Wal~Mart and see an entire section in Electronics filled with 35mm film. The digital age is here and Kodak just can't cope. So I can clearly see how they would have to cut benifits. They are a company living in a ghost town and just about ready to die. </p><p></p><p>On the other hand, UPS is as strong as ever. Someone here mentioned GM. Well, GM did cut benifits when they thought they were about to go the way of the dinosaur. But now that they have pulled themselves back together, things have become more stable and beneifits have been restored in many cases. </p><p></p><p>If UPS were to get to the point where we were losing so much money that we were threatened with closure, you bet we would see it happening. It already has. We lost all 401K matching for over 5 years. Managers and supervisors were stuck in a wage freeze. And look at our current benefits. We used to have the best insurance out there. Now we're no better than anyone else. </p><p></p><p>So to answer your question directly; yes, it can happen. It can happen with any corporation.</p></blockquote><p></p>
[QUOTE="NViousGK, post: 949944, member: 40658"] I'm new to these forums, but I have worked with UPS a long time. Kodak is a company whose days are numbered. How many people do you see buying film any more? It wasn't all that long ago when you would go to a Wal~Mart and see an entire section in Electronics filled with 35mm film. The digital age is here and Kodak just can't cope. So I can clearly see how they would have to cut benifits. They are a company living in a ghost town and just about ready to die. On the other hand, UPS is as strong as ever. Someone here mentioned GM. Well, GM did cut benifits when they thought they were about to go the way of the dinosaur. But now that they have pulled themselves back together, things have become more stable and beneifits have been restored in many cases. If UPS were to get to the point where we were losing so much money that we were threatened with closure, you bet we would see it happening. It already has. We lost all 401K matching for over 5 years. Managers and supervisors were stuck in a wage freeze. And look at our current benefits. We used to have the best insurance out there. Now we're no better than anyone else. So to answer your question directly; yes, it can happen. It can happen with any corporation. [/QUOTE]
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