"Operation Transformation"

[oldbrownguy]

What are we hearing out there? This is serious folks, no jokes.... Something coming down (here we go again) to get the old folks to retire? Some sort of package coming for 55 and above. A letter coming in December, then 30 days to decide, then 30 to leave. Anyone out there in Corporate want to share some intel?

 

[UpstateNYUPSer(Ret)]

Are you management or hourly?

 

[hangin455]

Transformation is described as to "look critically and introspectively at our business to help quickly identify opportunities for change and innovation."
I don't have any idea where you're getting this buyout stuff from.

 

[CoolStoryBro]

transgender policy? sex change operations covered 100%?

 

[trickpony1]

Transformation is described as to "look critically and introspectively at our business to help quickly identify opportunities for change and innovation."

This could be translated to mean,".....wholesale terminations and "low-ball" buy outs....".

It's all a matter of semantics.

 

[oldbrownguy]

https://www.bizjournals.com/atlanta...walmart-exec-as-new-chief-transformation.html

 

[trickpony1]

Walmart is notoriously anti-union.
This "transformation" is concerning.

 

[oldbrownguy]

trickpony 1, its concerning in more ways than one........

 

[trickpony1]

This thread got quiet real quick...

 

[oldbrownguy]

All I know is I can't wait for the mail every day to see if "the letter" is in there...

 

[texan]

I heard this rumor also at my workplace.
Since it is 21 December, it seems that it might only be a rumor, then again, perhaps they were waiting for the 35% to 21% Corporate Tax reduction to be a reality.

 

[oldbrownguy]

I heard this rumor also at my workplace.
Since it is 21 December, it seems that it might only be a rumor, then again, perhaps they were waiting for the 35% to 21% Corporate Tax reduction to be a reality.

Are you in TX?

 

[texan]

I have been there many times, but currently it is classified.

 

[el blanco]

I have been there many times, but currently it is classified.

good to see u

Happy Holidays to you and yours

 

[el blanco]

What are we hearing out there? This is serious folks, no jokes.... Something coming down (here we go again) to get the old folks to retire? Some sort of package coming for 55 and above. A letter coming in December, then 30 days to decide, then 30 to leave. Anyone out there in Corporate want to share some intel?

what do you consider old?

 

[worldwide]

https://www.bizjournals.com/atlanta...walmart-exec-as-new-chief-transformation.html

Would not surprise me to see this guy become new CEO once Abney retires after a new contract is put in place. The company needs to change and this would be a radical change to have a true outsider take over the top position at the company. It also would not surprise me to see buy out offers to those within two years of retirement and those over 55. Also expect to see some people in corporate finance and accounting to be shown the door, with some kind of buy-out offer. One thing is certain, change are coming.

 

[MAKAVELI]

what do you consider old?

If you have to ask that question, you are old.

 

[Catatonic]

What are we hearing out there? This is serious folks, no jokes.... Something coming down (here we go again) to get the old folks to retire? Some sort of package coming for 55 and above. A letter coming in December, then 30 days to decide, then 30 to leave. Anyone out there in Corporate want to share some intel?

Nothing for Union employees ... possible for non-Union in 2018.
UPS will never, ever, ever offer a retirement buyout to Union employees.

 

[Catatonic]

If you have to ask that question, you are old.

You are old for sure.

 

[Catatonic]

Would not surprise me to see this guy become new CEO once Abney retires after a new contract is put in place. The company needs to change and this would be a radical change to have a true outsider take over the top position at the company. It also would not surprise me to see buy out offers to those within two years of retirement and those over 55. Also expect to see some people in corporate finance and accounting to be shown the door, with some kind of buy-out offer. One thing is certain, change are coming.

UPS hired a lot of finance and accounting folks to deal with the regulations put in place for Obama era regulations.
Trump has removed many of those business killing odious regulations and there is serious talk of removing or modifying section 404 of the Sarbanes–Oxley Act.
This may remove the need of up to a thousand UPS employees.