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Brown Cafe UPS Forum
UPS Union Issues
NOT the Best Contract Ever
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<blockquote data-quote="GuyinBrown" data-source="post: 248796" data-attributes="member: 9444"><p>Bailing out CS or NOT bailing out CS... it affects every employee either way. </p><p></p><p>As the largest fund in the worst shape, pulling the UPS employees out of that fund accomplishes 2 things - it helps the employees and saves the company money. Contrary to what most people who post on this forum think, it's actually a good thing when UPS is saving/making money. ( Not necessarily the people in this particular thread, but the forum as a whole. ) </p><p></p><p>If UPS had left CS alone, it would affect the rest of the company because they would be forced to pump more and more money into it to keep it afloat. I don't think that it's a matter of them ignoring the other funds that have taken hits, but more of a "stop the worst bleeding first" approach. 6 Billion is a pretty big chunk of change, even for a healthy company, so they obviously can't fix everything at once. Hopefully this buyout will be successful enough for them to address the other under-performing funds the next time around.</p></blockquote><p></p>
[QUOTE="GuyinBrown, post: 248796, member: 9444"] Bailing out CS or NOT bailing out CS... it affects every employee either way. As the largest fund in the worst shape, pulling the UPS employees out of that fund accomplishes 2 things - it helps the employees and saves the company money. Contrary to what most people who post on this forum think, it's actually a good thing when UPS is saving/making money. ( Not necessarily the people in this particular thread, but the forum as a whole. ) If UPS had left CS alone, it would affect the rest of the company because they would be forced to pump more and more money into it to keep it afloat. I don't think that it's a matter of them ignoring the other funds that have taken hits, but more of a "stop the worst bleeding first" approach. 6 Billion is a pretty big chunk of change, even for a healthy company, so they obviously can't fix everything at once. Hopefully this buyout will be successful enough for them to address the other under-performing funds the next time around. [/QUOTE]
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NOT the Best Contract Ever
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