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Brown Cafe UPS Forum
UPS Union Issues
Where does the drivers back pay interest go
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<blockquote data-quote="Dweezel" data-source="post: 1289221" data-attributes="member: 52207"><p>Umm our contract raise was .80 in august 2013. Not gonna list the local it doesn't matter. Just seems like a win win for UPS financially. You would think they would use the interest cash to add to the contracts that are unsettled. But seriously, several million in interest each month isn't chump change and could be used to improve contract negotiations for the locals that have the outstanding issues. Even better yet dump it into retirement funds. Technically the money isn't theirs, it's ours, since the money was made from our back wages. </p><p></p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="Dweezel, post: 1289221, member: 52207"] Umm our contract raise was .80 in august 2013. Not gonna list the local it doesn't matter. Just seems like a win win for UPS financially. You would think they would use the interest cash to add to the contracts that are unsettled. But seriously, several million in interest each month isn't chump change and could be used to improve contract negotiations for the locals that have the outstanding issues. Even better yet dump it into retirement funds. Technically the money isn't theirs, it's ours, since the money was made from our back wages. Sent using BrownCafe App [/QUOTE]
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Where does the drivers back pay interest go
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