Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Where does the drivers back pay interest go
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Dweezel" data-source="post: 1289181" data-attributes="member: 52207"><p>So for our union local we were expecting a .80 hourly raise in august. With a average of 45 hours a week that would be a extra $40.00 times that by the number of weeks since the raise and that's $1280.00 per driver. </p><p>I'm guessing at the number of drivers, but if it's 200,000 full time drivers for the US. That would equal 256,000,000.00 at 5% interest that's 12,800,000.00 that the company will pocket whenever the contract gets settled. </p><p>So basically the company is making mad interest off of our back wage increase and then pocketing it. No wonder they don't want to settle. </p><p>And no this does not take into account compounding interest or part timer pay imcrease. </p><p></p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="Dweezel, post: 1289181, member: 52207"] So for our union local we were expecting a .80 hourly raise in august. With a average of 45 hours a week that would be a extra $40.00 times that by the number of weeks since the raise and that's $1280.00 per driver. I'm guessing at the number of drivers, but if it's 200,000 full time drivers for the US. That would equal 256,000,000.00 at 5% interest that's 12,800,000.00 that the company will pocket whenever the contract gets settled. So basically the company is making mad interest off of our back wage increase and then pocketing it. No wonder they don't want to settle. And no this does not take into account compounding interest or part timer pay imcrease. Sent using BrownCafe App [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Where does the drivers back pay interest go
Top