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UPS Union Issues
UPS Bargaining Suspended
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<blockquote data-quote="Bill" data-source="post: 223163" data-attributes="member: 5483"><p>If the Teamsters union is waiting for UPS to improve the stability of the pension and health and welfare funds in CS, then it is going to be a long wait. As long as we are associated with CS, any money that UPS contributes goes towards UPS employees and employees of other companies. I believe that UPS would be more willing to stabilize the funds, if the money they contributed went to UPS people only, as they would not be paying in as much as they do now. Each year for the last 5 years under the "best contract ever", UPS has been contributing huge amounts of money. Every year UPS puts additional money in, but its employees receive less. Any company in business today would view this as pointless, and stop this trend of pouring money down the drain. It is time to change course, but the Teamsters will not abandon CS even though it continues to sink. The big question is WHY? Food for thought: Is it possible that some of the huge administration fees ($61 million from the health and welfare fund, and another $120 million from the pension fund) finds its way back into the Teamsters tresury?</p></blockquote><p></p>
[QUOTE="Bill, post: 223163, member: 5483"] If the Teamsters union is waiting for UPS to improve the stability of the pension and health and welfare funds in CS, then it is going to be a long wait. As long as we are associated with CS, any money that UPS contributes goes towards UPS employees and employees of other companies. I believe that UPS would be more willing to stabilize the funds, if the money they contributed went to UPS people only, as they would not be paying in as much as they do now. Each year for the last 5 years under the "best contract ever", UPS has been contributing huge amounts of money. Every year UPS puts additional money in, but its employees receive less. Any company in business today would view this as pointless, and stop this trend of pouring money down the drain. It is time to change course, but the Teamsters will not abandon CS even though it continues to sink. The big question is WHY? Food for thought: Is it possible that some of the huge administration fees ($61 million from the health and welfare fund, and another $120 million from the pension fund) finds its way back into the Teamsters tresury? [/QUOTE]
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