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The Latest UPS Headlines
When we beat the bosses
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<blockquote data-quote="brownIEman" data-source="post: 3015382" data-attributes="member: 14596"><p>What a great idea another strike would be. That will show the company that it must compensate it's people fairly. Could probably even force them to dump another $6B into central states (since the wonderful folks managing that fund managed to lose the vast majority of the first $6B, which, BTW, UPS is still paying on).</p><p>When the '97 rolled around, the explosion in this industry due to e-retail was just getting going. So was UPS' serious competition. UPS was doing things such as consolidating the CSTCs and other operations to trim costs and try to remain competitive as it already was seeing its market share erode. The '97 contract from the UPS side was an attempt to control costs so it could remain competitive and gain back market share. In that sence, the union absolutely beat the boss, as they say, and UPS failed. Since the strike, two huge trends have continued unabated: The total package market has continued to explode, and UPS' share of that market has continued to shrink, from about 80% in '97 to about 24% today.</p><p>So yes, the union should go back to flexing its muscle and strike again next year. I mean, if we can get that market share down to 0%, that will REALLY show them, talk about beating the bosses!</p></blockquote><p></p>
[QUOTE="brownIEman, post: 3015382, member: 14596"] What a great idea another strike would be. That will show the company that it must compensate it's people fairly. Could probably even force them to dump another $6B into central states (since the wonderful folks managing that fund managed to lose the vast majority of the first $6B, which, BTW, UPS is still paying on). When the '97 rolled around, the explosion in this industry due to e-retail was just getting going. So was UPS' serious competition. UPS was doing things such as consolidating the CSTCs and other operations to trim costs and try to remain competitive as it already was seeing its market share erode. The '97 contract from the UPS side was an attempt to control costs so it could remain competitive and gain back market share. In that sence, the union absolutely beat the boss, as they say, and UPS failed. Since the strike, two huge trends have continued unabated: The total package market has continued to explode, and UPS' share of that market has continued to shrink, from about 80% in '97 to about 24% today. So yes, the union should go back to flexing its muscle and strike again next year. I mean, if we can get that market share down to 0%, that will REALLY show them, talk about beating the bosses! [/QUOTE]
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When we beat the bosses
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