Management buyout

Discussion in 'UPS Partners' started by seagull4, Sep 7, 2007.

  1. seagull4

    seagull4 Member

    I heard today that the proposed cost of taking over the TEAMSTER Pension will put a freeze on a management buyout for later this year.
  2. Cezanne

    Cezanne New Member

    Could be that there might not be a management pension plan after the withdraw liability is paid out.
  3. seagull4

    seagull4 Member

    It is interesting that thoughout most of this year the rumor was that a buyout announcement would be made in September. Oh well, what will be ,will be.
  4. nhguy

    nhguy New Member

    I hope your wrong. Last rumor I heard was the first of the year. You could be right since the cost of buying out of the central states pension is a pretty steep number..

    Remember that the big fish always eats the little one!!!!!!!!!!!!
  5. mikeb

    mikeb tnbrown

    my on-road sup told me that mgmt is moving towards a 401k with a company match
  6. nj12hrday

    nj12hrday Guest

    theres no buyout because half of management is going to DHL. or at least in my district they are. about 15 of them in the last yr to be exact.
  7. bad company

    bad company semi-pro

    Management already has a 401k match.

    401(k) savings plan with 100 percent match of first 3 percent contributed
  8. Cementups

    Cementups Box Monkey

    ^I think he meant for hourlies.
  9. Tyler Durden

    Tyler Durden Enlightend

    It's getting exciting now, 2 and 1/2. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium.
  10. hangin455

    hangin455 Member

    Oh no, not ANOTHER Management buyout rumor. How many is that this year?