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Brown Cafe UPS Forum
UPS Union Issues
2024 COLA is going to be lost to new contract addition
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<blockquote data-quote="Its_a_me" data-source="post: 5927502" data-attributes="member: 93115"><p>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): <strong>so we get nothing.</strong></p><p></p><p>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).</p><p></p><p>For those complaining/not understanding this means the company won at the negotiating table for the 2024 wage increase. <strong>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. </strong></p><p></p><p>For those directing at me personally on the money it's $84.66.</p><p></p><p>Anyone wanting to send a check should use the post office as UPS evidently has too many losses in smalls.</p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5927502, member: 93115"] 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): [B]so we get nothing.[/B] 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. [B]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. [/B] 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. [/QUOTE]
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2024 COLA is going to be lost to new contract addition
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