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<blockquote data-quote="Bolshevik" data-source="post: 3736288" data-attributes="member: 49273">UPS unveils $1 billion cost-cutting “transformation plan”As Teamsters pushes for “yes” vote on concessions contract&quot;Remarkably, the response on Wall Street to UPS’ cost-cutting plans has been one of dissatisfaction. Investors sent UPS’s share price down by 2.9 percent the day after the announcement. Kevin Sterling, an analyst at Seaport Global Holdings, told Bloomberg that shareholders had expected a cost-cutting target of at least $1.5 billion per year or more.Such demands make clear that UPS workers confront not merely a single corporate executive or even a single company, but the demands of the banks and financial institutions on Wall Street that every gain won by workers through struggle over the past century be turned back to fuel ever-greater profits and the continued inflation of US stock market prices.&quot;<a href="http://www.wsws.org/en/articles/2018/09/15/team-s15.html" target="_blank">UPS unveils $1 billion cost-cutting “transformation plan”</a></blockquote>

[QUOTE="Bolshevik, post: 3736288, member: 49273"] [SIZE=5][B]UPS unveils $1 billion cost-cutting “transformation plan”[/B] [B][/B] [B][SIZE=3][B]As Teamsters pushes for “yes” vote on concessions contract[/B] [B][/B][/SIZE][/B] [SIZE=3][B]"[/B]Remarkably, the response on Wall Street to UPS’ cost-cutting plans has been one of dissatisfaction. Investors sent UPS’s share price down by 2.9 percent the day after the announcement. Kevin Sterling, an analyst at Seaport Global Holdings, told [/SIZE][I][SIZE=3]Bloomberg[/SIZE][/I][SIZE=3] that shareholders had expected a cost-cutting target of at least $1.5 billion per year or more. Such demands make clear that UPS workers confront not merely a single corporate executive or even a single company, but the demands of the banks and financial institutions on Wall Street that every gain won by workers through struggle over the past century be turned back to fuel ever-greater profits and the continued inflation of US stock market prices[B]."[/B][/SIZE] [/SIZE] [SIZE=5][URL="http://www.wsws.org/en/articles/2018/09/15/team-s15.html"]UPS unveils $1 billion cost-cutting “transformation plan”[/URL][/SIZE] [/QUOTE]

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