Labor woes stacking up for UPS

[UpstateNYUPSer(Ret)]

Liquidity

Short term CD?

 

[PT Car Washer]

Liquidity

Exactly. Run to the bank, sign my name and they give me cash.

 

[Delivered]

Does the new strike fund have the 1 week wait to get the check?

In my local, we have a supplemental strike fund, that we've been paying in since just after the last strike. Don't know what that pays in addition.

Strike benefits are based on 5x your hourly dues rate, the international strike fund in upwards of $180 million in assets

Teamsters Increase Strike Benefits

And if your local participates in the Ohio Strike Fund it currently has $12 million in assets

 

[1989]

Strike benefits are based on 5x your hourly dues rate, the international strike fund in upwards of $180 million in assets

Teamsters Increase Strike Benefits

And if your local participates in the Ohio Strike Fund it currently has $12 million in assets

What exactly is 5 x hourly dues rate?

 

[UPS Preloader]

Strike benefits are based on 5x your hourly dues rate, the international strike fund in upwards of $180 million in assets

Teamsters Increase Strike Benefits

And if your local participates in the Ohio Strike Fund it currently has $12 million in assets

As @Wideload said, if there is a strike it probably won’t last long, but if it did, the strike fund will be wiped out in 2 weeks. $180+ million sounds like a lot, but when you divide it by 250-300 thousand UPS employees, it doesn’t go very far.

 

[1989]

As @Wideload said, if there is a strike it probably won’t last long, but if it did, the strike fund will be wiped out in 2 weeks. $180+ million sounds like a lot, but when you divide it by 250-300 million UPS employees, it doesn’t go very far.

not quite that many employees.

 

[UPS Preloader]

As @Wideload said, if there is a strike it probably won’t last long, but if it did, the strike fund will be wiped out in 2 weeks. $180+ million sounds like a lot, but when you divide it by 250-300 thousand UPS employees, it doesn’t go very far.

 

[UPS Preloader]

not quite that many employees.

Oops, meant 250-300 thousand.

 

[UpstateNYUPSer(Ret)]

What exactly is 5 x hourly dues rate?

Seriously?

5 x (insert your hourly rate here) = $x per week.

 

[flatbread]

Seriously?

5 x (insert your hourly rate here) = $x per week.

Math is hard.

 

[Old Man Jingles]

Strike benefits are based on 5x your hourly dues rate, the international strike fund in upwards of $180 million in assets

Teamsters Increase Strike Benefits

And if your local participates in the Ohio Strike Fund it currently has $12 million in assets

That's pitiful.
Not only a small amount but the Teamsters badger you to 'donate' it back anyway so the amount is irrelevant.

 

[1989]

Seriously?

5 x (insert your hourly rate here) = $x per week.

I call that 5x my hourly pay rate not DUES rate.

 

[542thruNthru]

I’m looking at 542. Pulse the 9k I’ve set aside. I can deal with a 12 week strike without a hiccup.

Stop looking at me. I'm married.

 

[UpstateNYUPSer(Ret)]

Seriously?

5 x (insert your hourly rate here) = $x per week.

I call that 5x my hourly pay rate not DUES rate.

I owe you an apology----I read that wrong.

Our dues rate is 3 x our hourly and is about $100 so I guess 5 x dues rate would be $500.

I'm sorry for the tone of my previous post.

 

[1989]

Seriously?

5 x (insert your hourly rate here) = $x per week.

I thought someone said the strike fund would pay about 550 a week earlier.

 

[UpstateNYUPSer(Ret)]

I thought someone said the strike fund would pay about 550 a week earlier.

I owe you an apology----I read that wrong.

Our dues rate is 3 x our hourly and is about $100 so I guess 5 x dues rate would be $500.

I'm sorry for the tone of my previous post.

 

[Delivered]

I thought someone said the strike fund would pay about 550 a week earlier.

According to the press release..... "The minimum out of work benefits will rise to $150 per week, an increase from $100. And, benefits will be paid at the end of the 8th day, previously paid at the end of the 11th day. "

 

[1989]

I owe you an apology----I read that wrong.

Our dues rate is 3 x our hourly and is about $100 so I guess 5 x dues rate would be $500.

I'm sorry for the tone of my previous post.

AKA....5X monthly dues?

 

[wide load]

Stop looking at me. I'm married.

Haha!!! I’m a lurker!!

 

[1989]

“hourly dues rate” = 1 months dues?