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Brown Cafe UPS Forum
UPS Union Issues
Ken H
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<blockquote data-quote="beentheredonethat" data-source="post: 1163542" data-attributes="member: 4886"><p>Many people quote Jim Casey's "fair days work for a fair days pay" However, I don't understand why fair to many is based on the company making a large profit. Would you all feel better making the same as you make now and UPS posting losses each year? Would you then say.. Boy we got them? </p><p></p><p>We make roughly 10-12% of profit per dollar </p><p></p><p>Using Year ending 2011, we made (per yahoo finance) 3.8 Billion after taxes on 53 Billion in revenue. Before taxes (but after interest exp) we made slightly less then 5.8 Billion or roughly 11% margins. So a penny and a dime of profit for every dollar of revenue is not all that much when you compare to other industries. If we added in a driver for every 9 drivers our driver costs would go up that 11%. (Granted, we would reduce some OT, but that would be offset by more people to contribute for HW and Pension. We would need more vehicles, more buildings etc etc. </p><p></p><p>Just that one decision would eat up most all the profit margin. </p><p></p><p></p><p>The other thing I think is funny. Most everyone here posts how stupid UPS mgmt is. I'll grant you we make mistakes. But how many other companies exist that have not gone thru bankruptcy that have been in business for over 100 years? Also is profitable and our people are paid as much? I can't think of too many companies like ours. </p><p></p><p>There have been hundreds of companies in our industry that went bankrupt with teamsters employed. So it's not like teamster labor guarantees the company will be successful. </p><p></p><p>It's real easy to complain and sit back and point out mistakes made by someone else. </p><p></p><p></p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1163542, member: 4886"] Many people quote Jim Casey's "fair days work for a fair days pay" However, I don't understand why fair to many is based on the company making a large profit. Would you all feel better making the same as you make now and UPS posting losses each year? Would you then say.. Boy we got them? We make roughly 10-12% of profit per dollar Using Year ending 2011, we made (per yahoo finance) 3.8 Billion after taxes on 53 Billion in revenue. Before taxes (but after interest exp) we made slightly less then 5.8 Billion or roughly 11% margins. So a penny and a dime of profit for every dollar of revenue is not all that much when you compare to other industries. If we added in a driver for every 9 drivers our driver costs would go up that 11%. (Granted, we would reduce some OT, but that would be offset by more people to contribute for HW and Pension. We would need more vehicles, more buildings etc etc. Just that one decision would eat up most all the profit margin. The other thing I think is funny. Most everyone here posts how stupid UPS mgmt is. I'll grant you we make mistakes. But how many other companies exist that have not gone thru bankruptcy that have been in business for over 100 years? Also is profitable and our people are paid as much? I can't think of too many companies like ours. There have been hundreds of companies in our industry that went bankrupt with teamsters employed. So it's not like teamster labor guarantees the company will be successful. It's real easy to complain and sit back and point out mistakes made by someone else. [/QUOTE]
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