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UPS dumping cash one year from contract: $5 Billion Share Repurchase Program
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<blockquote data-quote="Its_a_me" data-source="post: 5369940" data-attributes="member: 93115"><p>Of course UPS is spending all their record profits and will claim poverty at contract time...just like last time when the purchased 14x 747's cargo haulers for $5.3B (with deliveries starting one year before the teamsters contract came up) and numerous semi's....</p><p></p><p>But it matters more who is at the negotiating table and what their objective is.....</p><p></p><p>will the union do anything for existing members both PT and FT or will it focus on progression wages and throw the usual $0.70 GWI at existing members. Remember we already lost 0.22 due to inflation in June and July 2022 that wasn't accounted for on our Aug COLA raise (which goes by May's numbers).</p><p></p><p>everyone knows how badly the union got beat in the best contract ever....I mean the company is still offering to pay part-timers more money than what is officially on the books in a union negotiated contract in order to attract any workers (in certain places). That's how badly we got beat. <strong>The company is offering better pay than the union negotiated for....best contract ever.</strong></p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5369940, member: 93115"] Of course UPS is spending all their record profits and will claim poverty at contract time...just like last time when the purchased 14x 747's cargo haulers for $5.3B (with deliveries starting one year before the teamsters contract came up) and numerous semi's.... But it matters more who is at the negotiating table and what their objective is..... will the union do anything for existing members both PT and FT or will it focus on progression wages and throw the usual $0.70 GWI at existing members. Remember we already lost 0.22 due to inflation in June and July 2022 that wasn't accounted for on our Aug COLA raise (which goes by May's numbers). everyone knows how badly the union got beat in the best contract ever....I mean the company is still offering to pay part-timers more money than what is officially on the books in a union negotiated contract in order to attract any workers (in certain places). That's how badly we got beat. [B]The company is offering better pay than the union negotiated for....best contract ever.[/B] [/QUOTE]
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UPS dumping cash one year from contract: $5 Billion Share Repurchase Program
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