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UPS Union Issues
Union Strike!
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<blockquote data-quote="satellitedriver" data-source="post: 246690" data-attributes="member: 1664"><p>Sounds like they worked out a solid deal for both sides.</p><p>Don't compare apples to oranges.</p><p>GM manufactures stuff.</p><p>We (UPS) do not.</p><p>Their pension was fully funded and solid under GM management.</p><p>GM will continue to fund the pension.</p><p>We, in the teamster CS fund, are in the exact opposite position.</p><p>The teamster CS fund blew it and needs UPS to bale it out.</p><p>Will the bale out come at a cost?</p><p>Yep.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 246690, member: 1664"] Sounds like they worked out a solid deal for both sides. Don't compare apples to oranges. GM manufactures stuff. We (UPS) do not. Their pension was fully funded and solid under GM management. GM will continue to fund the pension. We, in the teamster CS fund, are in the exact opposite position. The teamster CS fund blew it and needs UPS to bale it out. Will the bale out come at a cost? Yep. [/QUOTE]
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