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Brown Cafe UPS Forum
UPS Union Issues
What is the REAL reason negotiations have stalled?
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<blockquote data-quote="DELACROIX" data-source="post: 5643141" data-attributes="member: 49065"><p>Kind of remember that there was a market crash around that time. That 2008 Contract (Central Buy Out) had almost 8 months before it expired, both the Company and the Union had to rush that contract before the first of January 2008. Something to do with the Feds applying financial penalties to pension trusts that were in the RED, on hindsight we should of voted it down.</p><p></p><p>Thank God the Union had the common sense to put in language that the Company would still be liable to cover their obligations even if the Central went bankrupt or were forced to reduced their retiree's benefits. </p><p></p><p>The Union will never back out on that language, even with the recent PGBC bailout...(Trust Issues)...</p><p></p><p>UPS is not only dealing with the Teamsters, now they have to deal with the Feds...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5643141, member: 49065"] Kind of remember that there was a market crash around that time. That 2008 Contract (Central Buy Out) had almost 8 months before it expired, both the Company and the Union had to rush that contract before the first of January 2008. Something to do with the Feds applying financial penalties to pension trusts that were in the RED, on hindsight we should of voted it down. Thank God the Union had the common sense to put in language that the Company would still be liable to cover their obligations even if the Central went bankrupt or were forced to reduced their retiree's benefits. The Union will never back out on that language, even with the recent PGBC bailout...(Trust Issues)... UPS is not only dealing with the Teamsters, now they have to deal with the Feds... [/QUOTE]
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UPS Union Issues
What is the REAL reason negotiations have stalled?
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