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Brown Cafe UPS Forum
UPS Discussions
UPS getting “BAD DEAL” in contract? Lol
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<blockquote data-quote="DELACROIX" data-source="post: 5666158" data-attributes="member: 49065"><p>He quoted that UPS will lose 1.5 Billion dollars annually to cover the additional operating costs with this agreement.</p><p></p><p>They just eliminated further funding in their own management’s retirement plans and diverted some of our pension increases into our GWI and Health and Welfare plans.</p><p></p><p>Those changes by themselves will save them over 2 billion a year.. </p><p></p><p>(Cost Neutral) for the next 5 years. Then they will go for our pensions and try to convert them all into 401k’s.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5666158, member: 49065"] He quoted that UPS will lose 1.5 Billion dollars annually to cover the additional operating costs with this agreement. They just eliminated further funding in their own management’s retirement plans and diverted some of our pension increases into our GWI and Health and Welfare plans. Those changes by themselves will save them over 2 billion a year.. (Cost Neutral) for the next 5 years. Then they will go for our pensions and try to convert them all into 401k’s. [/QUOTE]
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UPS getting “BAD DEAL” in contract? Lol
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