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Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="nhguy" data-source="post: 191746" data-attributes="member: 5248"><p>BROWNHOG,</p><p> </p><p>You use the term "stated facts to date" , elimination of MIP for supervisor level, you talk about increasing the 401k match. There has been no public announcement or company announcement to any of these things. I don't know how you can say "stated fact". Have you seen official documents pertaining to these things?</p><p> </p><p>Don't get me wrong, my gut tells me that there are going to be many changes coming. The pension, the retirement age, and a buyout are all real possibilities.The top has to do something to move our stock, because they are failing in the eyes of wall street. I also feel that the first buyout and the new grade 20 and up incentive program are the first of many of these other changes that you speak of. I only hope that the savings don't come at the expense of the people who have worked their ass off for the past 20-30 years to make this corporation what it is today.</p></blockquote><p></p>
[QUOTE="nhguy, post: 191746, member: 5248"] BROWNHOG, You use the term "stated facts to date" , elimination of MIP for supervisor level, you talk about increasing the 401k match. There has been no public announcement or company announcement to any of these things. I don't know how you can say "stated fact". Have you seen official documents pertaining to these things? Don't get me wrong, my gut tells me that there are going to be many changes coming. The pension, the retirement age, and a buyout are all real possibilities.The top has to do something to move our stock, because they are failing in the eyes of wall street. I also feel that the first buyout and the new grade 20 and up incentive program are the first of many of these other changes that you speak of. I only hope that the savings don't come at the expense of the people who have worked their ass off for the past 20-30 years to make this corporation what it is today. [/QUOTE]
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Management Buy-out and Pension cut
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