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Brown Cafe UPS Forum
UPS Union Issues
Think it thru....Pension Takeover
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<blockquote data-quote="wildgoose" data-source="post: 242227" data-attributes="member: 5428"><p>Basiclly what i have understood is that UPS will be out of their financial obligations to Central States after paying the buyout of Approx. 6 billion. We will be left to be taken care of by Central States prior to the contract and after it will be set up by Ups for ups ! What a jewel that we got to rely on Central States once again for a major part of our pension ? They are in trouble now whats to say that they won`t be in trouble later too ? Duh ! Ups gets the lifeboat and we get to share the vest in the water ? I just can`t see this as a win/win or more like a win for ups and a loose for the hourly`s. Anybody want to lay some info down what they heard ?</p></blockquote><p></p>
[QUOTE="wildgoose, post: 242227, member: 5428"] Basiclly what i have understood is that UPS will be out of their financial obligations to Central States after paying the buyout of Approx. 6 billion. We will be left to be taken care of by Central States prior to the contract and after it will be set up by Ups for ups ! What a jewel that we got to rely on Central States once again for a major part of our pension ? They are in trouble now whats to say that they won`t be in trouble later too ? Duh ! Ups gets the lifeboat and we get to share the vest in the water ? I just can`t see this as a win/win or more like a win for ups and a loose for the hourly`s. Anybody want to lay some info down what they heard ? [/QUOTE]
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Think it thru....Pension Takeover
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