I don't think an ERO is in the works. There are many retirements already scheduled over the next two years. District and region consolidations may result in some kind of severance being offered to those directly affected. Other than that, UPS needs all the good help we can get. There may be some limited 'dead wood' in some areas, but that tends to stay put when an ERO occurs becuase they are already 'retired.' Increasing the retirement age to 57 or more is a distinct possibility, just based on actuarials.
I really don't see that happening at all. UPS is probably going to face a labour, including management, shortage soon from retiring baby boomers. I am looking forward to it because you all are greedy stinky farts who don't do a very good job and I want your job.
Rumormongers!!!I also heard of an early retirement scenario in California. It started with raising the retirement age from 55 to 57 so the offer would only go to people who are currently> 51 years old-----I am assuming that there would be another side to it like 20 years of service ore something-----but in Sept I heard that it was going to be a Golden 80 buyout.
Should I assume that it is going to be availible to people 51 or over with 29+ years??? I would think that there would be very few that would meet this criteria.........???
I have not heard anything for awhile--but than right after peak I started hearing it again!
I heard that UPS has had hired an investment company to look at a couple of retirement options and is deciding on which one to offer in the near future.Is there a plan to reduce the number of management people---and once they leave they will not be replaced----or if they are it will be by someone who is paid a lot less!!!
I would rather hear about what strategy UPS has to attact and retain the best minds in the Transportation and Logistics area. That said, UPS, like any other organization, should be looking at ways to lower the management/hourly ratio, increase the productivity of specialists (esp corporate and IT), and provide some much needed upward career mobility for high performers.
If that means clearing the forest of dead wood so be it...
This has nothing to do with early retirement posting, but this is what the "Seniorist" driver in our center told me.
You know it's time to retire when 30 somethings come up and say, " I remember you delivered to our house when I was 6 years old."
When this guy retires, it will be like the movie "Mr. Holland's Opus". We'll have to rent a gym and have a big send off party.
I have learned much from this "senior" driver. If anyone here is a "young" driver, talk to the "senior" drivers. They have alot of information.
I think the enonomy is going into a mild recovery, and companies will spend $$$ on improving supply chains. UPS is in best position to profit and will need all hands to make it go. No ERO, but lots of new fun.
On a private note, One of our delivery sups underwent emergency open heart last week and had a quadruple done. He was in such bad shape that they really wanted to wait, but then got very critical, so they had to go with it. Names Gary (dont know if it is proper to post real last names so...) just turned 50. If you all would be so kind as to remember him in your prayers.
I first had him as a loader. Then nurtured him as a driver for 18 months or so. And lastly worked for/with him as driver sup for about 6 years. IMHO Gary is the best of the best.