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UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="ups44" data-source="post: 143744"><p>A reduction of management is a certainty. I have overheard/seen portions of the reduction plan, including the specific number of jobs in two areas.</p><p></p><p>Based upon the number of people planned, it cannot only include grade 18s and higher because there are not that many in the area (s). </p><p></p><p>Here are some things to consider</p><p>1) MIP restrictions and reductions – quit, lay off you loose it. Retirement you still get it.</p><p>2) Recent pension reform backed by UPS included specific 401k changes</p><p>3) 401k restrictions on UPS stock investment was recently lifted</p><p>4) Management was restructured recently – added ops manager and eng manager, dist manager became a customer service/pr role. Ops and eng run the districts now.</p><p>5) Most staff departments had a reduction in 18s. Staff reductions only partially achieved. </p><p>6) Grade 18s reduced, no higher levels reduced, now less reports to higher levels – backwards??</p><p>7) Operations had no reductions in 18s </p><p>8) Technology (pkg flow) reduces needs for hourly and management knowledge and reduces need for management planners. Sorry IE</p><p>9) Recent public announcement of reduction specifically says there will be reductions through lay off, attrition and early retirement.</p><p>10) UPS is smart enough to get around the age discrimination. A lay off with a severance package could easily achieve the reductions needed. Seniority and age don’t have to count.</p></blockquote><p></p>
[QUOTE="ups44, post: 143744"] A reduction of management is a certainty. I have overheard/seen portions of the reduction plan, including the specific number of jobs in two areas. Based upon the number of people planned, it cannot only include grade 18s and higher because there are not that many in the area (s). Here are some things to consider 1) MIP restrictions and reductions – quit, lay off you loose it. Retirement you still get it. 2) Recent pension reform backed by UPS included specific 401k changes 3) 401k restrictions on UPS stock investment was recently lifted 4) Management was restructured recently – added ops manager and eng manager, dist manager became a customer service/pr role. Ops and eng run the districts now. 5) Most staff departments had a reduction in 18s. Staff reductions only partially achieved. 6) Grade 18s reduced, no higher levels reduced, now less reports to higher levels – backwards?? 7) Operations had no reductions in 18s 8) Technology (pkg flow) reduces needs for hourly and management knowledge and reduces need for management planners. Sorry IE 9) Recent public announcement of reduction specifically says there will be reductions through lay off, attrition and early retirement. 10) UPS is smart enough to get around the age discrimination. A lay off with a severance package could easily achieve the reductions needed. Seniority and age don’t have to count. [/QUOTE]
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