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Brown Cafe UPS Forum
UPS Union Issues
Free Cash flow 5.4 billion
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<blockquote data-quote="TechGrrl" data-source="post: 1088740" data-attributes="member: 4932"><p>It's not an invention. UPS, like ANY company, has their little financial model that says, "THIS is how much we can give to the employees while satisfying our EPS requirements." You can disagree with that model, and disagree with the company's EPS requirements, but that number exists. During the negotiations, the company has this group of hamsters in the back room, running on the wheels that power the computers that they have programmed with a scenario generator that tells them the tradeoffs between plain old money, and changes to work rules and such, that translate into money. At the end of the negotiations, all those tradeoffs have been modeled, and the company (and hopefully, the union) knows the exact value of their "last, best, and final" offer. [By the way, as much as people laughed at that phrase back in '97, the phrase is actually mandated by labor law as a trigger for certain things to occur regarding arbitration and so on.]</p><p></p><p>At the end of the day, the company has real, cash money on the table, and 'imputed' money based on operational changes that impact their operating costs. And the real, cash money gets divvied up between wages, benefits, and pension contributions. Those items are negotiated between the company and the union. Your union knows that, even if you don't.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 1088740, member: 4932"] It's not an invention. UPS, like ANY company, has their little financial model that says, "THIS is how much we can give to the employees while satisfying our EPS requirements." You can disagree with that model, and disagree with the company's EPS requirements, but that number exists. During the negotiations, the company has this group of hamsters in the back room, running on the wheels that power the computers that they have programmed with a scenario generator that tells them the tradeoffs between plain old money, and changes to work rules and such, that translate into money. At the end of the negotiations, all those tradeoffs have been modeled, and the company (and hopefully, the union) knows the exact value of their "last, best, and final" offer. [By the way, as much as people laughed at that phrase back in '97, the phrase is actually mandated by labor law as a trigger for certain things to occur regarding arbitration and so on.] At the end of the day, the company has real, cash money on the table, and 'imputed' money based on operational changes that impact their operating costs. And the real, cash money gets divvied up between wages, benefits, and pension contributions. Those items are negotiated between the company and the union. Your union knows that, even if you don't. [/QUOTE]
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