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UPS Partners
New Mgt Pension Rumor
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<blockquote data-quote="constructively dissatisfi" data-source="post: 158276" data-attributes="member: 6988"><p>There is/was no "SCS buyout". Despite the PR spin to the contrary, the buyout was clearly aimed at high grade level Corporate dead wood. Of the 650 people eligible for it only 100 or so were from SCS. The offer doesn't sound too good. The only people who will take it are the fat cats who are hanging around for retirement medical. If they take the buyout their pension is reduced a lot, but they've got enough cash already that they don't care. Anyone who cares about losing most of their pension isn't going to take it. All the nonsense about duplication between SCS and Corp is pure PR spin.</p></blockquote><p></p>
[QUOTE="constructively dissatisfi, post: 158276, member: 6988"] There is/was no "SCS buyout". Despite the PR spin to the contrary, the buyout was clearly aimed at high grade level Corporate dead wood. Of the 650 people eligible for it only 100 or so were from SCS. The offer doesn't sound too good. The only people who will take it are the fat cats who are hanging around for retirement medical. If they take the buyout their pension is reduced a lot, but they've got enough cash already that they don't care. Anyone who cares about losing most of their pension isn't going to take it. All the nonsense about duplication between SCS and Corp is pure PR spin. [/QUOTE]
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