management buyout offer ( retirement ) coming today...

Discussion in 'UPS Partners' started by Guitarpicker, Apr 25, 2018.

  1. Guitarpicker

    Guitarpicker New Member

    Rumors / News of a UPS management buyout will be made - " transformation" - will target non-operational employees that are 55 or older... will be made public today
     
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  2. silenze

    silenze Lunch is the best part of the day

    Management brains are non operational
     
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  3. PackageManager

    PackageManager New Member

    if eligible email received. Full announcement tomorrow
     
  4. Guitarpicker

    Guitarpicker New Member

    basically if you fall under " operations" - you will not be offered a package - if you are 55 and older - staff function ( HR- Security- IE - Automotive - Business Development ) you be offered a incentive to leave... 3 months plus one week for every year of service up to 25 years ( so 25 weeks) - any remaining vacation is also added - prorated MIP based off an average MIP of 83% ( from last 5 years average) - you get a packet mailed - review - sign - return - you will given a date of separation - could be as early as August or as late as into 2019... not sure about how anyone else feels - but as usual - the operator gets the shaft... so disappointed in what we have become.
     
  5. Turdferguson

    Turdferguson Just a turd

    Karma.
     
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  6. Old Man Jingles

    Old Man Jingles Rat out of a cage

    I thought it was tomorrow?
     
  7. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Essential personnel?
     
  8. Fenris

    Fenris Active Member

    Press release was to go out at 4:00 EDT today and on UPSers at 3:45 with E-mail to those eligible prior.
     
  9. Turdferguson

    Turdferguson Just a turd

    You're out of the loop. You thought wrong
     
  10. worldwide

    worldwide Active Member

  11. Returntosender

    Returntosender Well-Known Member

    The UPS transformation is positioning the company to react to record growth in demand for Amazon logistics services. This is the first of several new initiatives. The company is also streamlining work processes through technology for greater staff stress and raising operating costs through increase investment in its global smart high turnover UPS part time employee logistics network. UPS expects its transformation initiatives to reduce resources to lower customers’ experience, lower revenue growth, a reduction in full time management employees career opportunities , will continue to provide shareowner returns.
     
    Last edited: Apr 25, 2018
  12. Old Man Jingles

    Old Man Jingles Rat out of a cage

  13. worldwide

    worldwide Active Member

    For anyone that had already decided to or was seriously considering retiring in the next 12 months, this will simply ensure they actually leave by giving them a financial incentive to lock it in with the company. For those 55+ that still want to hang around for a few more years for whatever reason and turn down the offer, they may find themselves transformed into a new job they were not expecting and possibly at a lower level. It happened in 2010 and there's no reason it can't happen again.
     
  14. Guitarpicker

    Guitarpicker New Member

    Karma ? How so.. ?
     
  15. cosmo1

    cosmo1 Perhaps. Staff Member

    You? Essential?

    You gotta be kidding, Hoax.;)
     
  16. Dragon

    Dragon Package Center Manager

    Any medical benefits?
     
  17. olroadbeech

    olroadbeech Happy Verified UPSer

    another ploy to get our hopes up.
     
  18. Fenris

    Fenris Active Member

    Nothing noted on briefing call. I would assume standard retirement medical for your YOS.
     
  19. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Must have been the position.
    That was my response as well.
    My DM asked me would this change my decision to retire in 2010.
    I said YEP! POed me to no end or at least 3 more years.
    If it had been offered to me, I would have left in 2010.