Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ups44" data-source="post: 144277"><p>UPS changed the management rehire policy for a reason - lay off now as needed, rehire later as needed.</p><p></p><p>UPS implemented the RSUs for a reason - hold back MIP, raise the retirement age, mgmt can't leave without substancial loss. RSU awards ONLY for death, disability, retirement. </p><p></p><p>UPS implemented the 401k match for a reason - reduce pension.</p><p></p><p>UPS has not met the $600m yearly savings target of PAS. Reductions of management will give this a boost.</p><p></p><p>Add it all up. It's been in the works for a feww years.</p><p></p><p>At least a portion will be announced on Monday. I anticipate more changes will follow, including changes/buyout of additional management level and teamster pensions.</p></blockquote><p></p>
[QUOTE="ups44, post: 144277"] UPS changed the management rehire policy for a reason - lay off now as needed, rehire later as needed. UPS implemented the RSUs for a reason - hold back MIP, raise the retirement age, mgmt can't leave without substancial loss. RSU awards ONLY for death, disability, retirement. UPS implemented the 401k match for a reason - reduce pension. UPS has not met the $600m yearly savings target of PAS. Reductions of management will give this a boost. Add it all up. It's been in the works for a feww years. At least a portion will be announced on Monday. I anticipate more changes will follow, including changes/buyout of additional management level and teamster pensions. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
Top