2024 COLA is going to be lost to new contract addition

Its_a_me

Well-Known Member
The official number that came out higher than estimates was 308.163 (which was 3.3% inflation for the year) for May which means a $0.0415 difference (which is less than .05): so we get nothing.

The shelter index (mortgage/rent) increased 5.4 percent over the last year, accounting for over two thirds of the total 12-month increase in the all items less food and energy index. Other indexes with notable increases over the last year include motor vehicle insurance (+20.3 percent), medical care (+3.1 percent), recreation (+1.3 percent), and personal care (+2.9 percent).

For those complaining/not understanding this means the company won at the negotiating table for the 2024 wage increase. Multiply that $0.0415 by the 300,000 employees by 2,040 hours and you get seven figure executive bonuses to split that $25M in savings from not having to pay union employees.

For those directing at me personally on the money it's $84.66.

Anyone wanting to send a check should use the post office as UPS evidently has too many losses in smalls.
 
The official number that came out higher than estimates was 308.163 (which was 3.3% inflation for the year) for May which means a $0.0415 difference (which is less than .05): so we get nothing.

The shelter index (mortgage/rent) increased 5.4 percent over the last year, accounting for over two thirds of the total 12-month increase in the all items less food and energy index. Other indexes with notable increases over the last year include motor vehicle insurance (+20.3 percent), medical care (+3.1 percent), recreation (+1.3 percent), and personal care (+2.9 percent).

For those complaining/not understanding this means the company won at the negotiating table for the 2024 wage increase. Multiply that $0.0415 by the 300,000 employees by 2,040 hours and you get seven figure executive bonuses to split that $25M in savings from not having to pay union employees.

For those directing at me personally on the money it's $84.66.

Anyone wanting to send a check should use the post office as UPS evidently has too many losses in smalls.
That had nothing to do with 2024 negotiations. And why would you multiply 2,040 hours by 300,000 employees?
 

Its_a_me

Well-Known Member
That had nothing to do with 2024 negotiations. And why would you multiply 2,040 hours by 300,000 employees?
The 2023 negotiators should have been smart enough to remove the non-beneficial language seeing as how inflation was running in 2023 and would carry over into 2024 increase. The union got beat to the tune of 7 figures.

2,080 hours per year=guaranteed 8 hour day x 5 days a week x 52 weeks a year (you want to figure out vacation payouts vs hours worked be my guest). UPS lists 500,000 employees....you want to figure out how many in the US and how many PT hours vs FT hours (including OT) be my guest...but I chose to estimate. Either way you slice it the number is 7 figures.
 
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BadIdeaGuy

Moderator
Staff member
The 2023 negotiators should have been smart enough to remove the non-beneficial language seeing as how inflation was running in 2023 and would carry over into 2024 increase. The union got beat to the tune of 7 figures.

2,080 hours per year=guaranteed 8 hour day x 5 days a week x 52 weeks a year. UPS lists 500,000 employees....you want to figure out how many in the US and how many PT hours vs FT hours (including OT) be my guest...but I chose to estimate. Either way you slice it the number is 7 figures.
By that logic, the union lost hundreds of millions by not raising the starting rate to $50/hr… Lol.

How is this a loss, when we never had it to begin with dude?

Feels like math trolling.
 
The 2023 negotiators should have been smart enough to remove the non-beneficial language seeing as how inflation was running in 2023 and would carry over into 2024 increase. The union got beat to the tune of 7 figures.

2,080 hours per year=guaranteed 8 hour day x 5 days a week x 52 weeks a year. UPS lists 500,000 employees....you want to figure out how many in the US and how many PT hours vs FT hours (including OT) be my guest...but I chose to estimate. Either way you slice it the number is 7 figures.
Okay, you said 2,040 at first, and out of 340k-ish members there are probably around 140k - 160k FT employees. I'm not doing the math, you're the one here screaming over nothing. There are plenty of real things to be pissy about, stop making up more. It's been this way for decades, and to even have COLA language is pretty incredible. Go spend my pension money, dip:censored2:.
 

I have NOT been lurking

Eat. Sleep. Work. Jork.
The official number that came out higher than estimates was 308.163 (which was 3.3% inflation for the year) for May which means a $0.0415 difference (which is less than .05): so we get nothing.

The shelter index (mortgage/rent) increased 5.4 percent over the last year, accounting for over two thirds of the total 12-month increase in the all items less food and energy index. Other indexes with notable increases over the last year include motor vehicle insurance (+20.3 percent), medical care (+3.1 percent), recreation (+1.3 percent), and personal care (+2.9 percent).

For those complaining/not understanding this means the company won at the negotiating table for the 2024 wage increase. Multiply that $0.0415 by the 300,000 employees by 2,040 hours and you get seven figure executive bonuses to split that $25M in savings from not having to pay union employees.

For those directing at me personally on the money it's $84.66.

Anyone wanting to send a check should use the post office as UPS evidently has too many losses in smalls.
Strike?
 

Thebrownblob

Well-Known Member
The 2023 negotiators should have been smart enough to remove the non-beneficial language seeing as how inflation was running in 2023 and would carry over into 2024 increase. The union got beat to the tune of 7 figures.

2,080 hours per year=guaranteed 8 hour day x 5 days a week x 52 weeks a year (you want to figure out vacation payouts vs hours worked be my guest). UPS lists 500,000 employees....you want to figure out how many in the US and how many PT hours vs FT hours (including OT) be my guest...but I chose to estimate. Either way you slice it the number is 7 figures.
You’ve told us numerous times how unhappy you are with the wages in this contract I get it. It’s you’re right. Personally I think the wages were fine. There’s a lot of other language that could’ve been fixed in my opinion. Your examples are a little bit silly. It’s important to remember that this contract passed by a large margin. No matter how you look at it the members chose it. They did not want to go on strike.
 

MyTripisCut

Never bought my own handtruck
The 2023 negotiators should have been smart enough to remove the non-beneficial language seeing as how inflation was running in 2023 and would carry over into 2024 increase. The union got beat to the tune of 7 figures.

2,080 hours per year=guaranteed 8 hour day x 5 days a week x 52 weeks a year (you want to figure out vacation payouts vs hours worked be my guest). UPS lists 500,000 employees....you want to figure out how many in the US and how many PT hours vs FT hours (including OT) be my guest...but I chose to estimate. Either way you slice it the number is 7 figures.
Do you think the cost of healthcare was impacted by inflation? Where the negotiators smart enough to keep it included in your package, with NO additional cost to you? Please STFU!
 
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