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Brown Cafe UPS Forum
UPS Union Issues
Is UPS crying Poor (underfunded non-union retirement) for more major takeaways?
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<blockquote data-quote="35years" data-source="post: 2966921" data-attributes="member: 60822"><p>UPS is making a smart move buying out/ shutting down the management pensions.</p><p>Dumps excess cash just before contract talks, saves tons of money in the long run; and they will try to use it as an excuse to propose buying out of the Union pension plans with lump-sum offers.</p><p></p><p>The Teamsters will never let it happen (lump sum buy outs).</p><p></p><p>So if the other, true concessions are already worked out, this will be the bombshell proposal that the Union will pretend to save us from.</p><p></p><p>If the concessions are not worked out and UPS is going for broke with a "take it or be replaced" attitude, get ready for no agreement/strike or lockout.</p></blockquote><p></p>
[QUOTE="35years, post: 2966921, member: 60822"] UPS is making a smart move buying out/ shutting down the management pensions. Dumps excess cash just before contract talks, saves tons of money in the long run; and they will try to use it as an excuse to propose buying out of the Union pension plans with lump-sum offers. The Teamsters will never let it happen (lump sum buy outs). So if the other, true concessions are already worked out, this will be the bombshell proposal that the Union will pretend to save us from. If the concessions are not worked out and UPS is going for broke with a "take it or be replaced" attitude, get ready for no agreement/strike or lockout. [/QUOTE]
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Is UPS crying Poor (underfunded non-union retirement) for more major takeaways?
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