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Anonymous 5
Guest
Upsers.com - as of 10am EST. "SVSO".
Audio message from JB. Corporate and SCS only - no other details until the meeting this afternoon. Anyone over 50 with 10 years of service as of Feb 28, 2007.
Audio message from JB. Corporate and SCS only - no other details until the meeting this afternoon. Anyone over 50 with 10 years of service as of Feb 28, 2007.
Date: December 11, 2006
To: Corporate Campus UPSers
From: Corporate Office Human Resources
Subj: Voluntary Separation Opportunity Web Cast
Please log on to UPSers.com to access an important audio Web cast by COO John Beystehner announcing a one-time Special Voluntary Separation Opportunity.
To access the Web cast, go the UPSers.com homepage and click on the Special Voluntary Separation Opportunity link.
If you are not a registered user of UPSers.com, follow these steps:
1) Go to UPSers.com
2) Enter your Employee ID number
3) Enter your initial password; it is:
-- The first two letters of your last name (lowercase)
-- The last two digits of your birth year
-- The last two digits of your Employee ID number
If you have problems logging on to UPSers.com or accessing the Web cast, please see your manager.
To: Corporate Campus UPSers
From: Corporate Office Human Resources
Subj: Voluntary Separation Opportunity Web Cast
Please log on to UPSers.com to access an important audio Web cast by COO John Beystehner announcing a one-time Special Voluntary Separation Opportunity.
To access the Web cast, go the UPSers.com homepage and click on the Special Voluntary Separation Opportunity link.
If you are not a registered user of UPSers.com, follow these steps:
1) Go to UPSers.com
2) Enter your Employee ID number
3) Enter your initial password; it is:
-- The first two letters of your last name (lowercase)
-- The last two digits of your birth year
-- The last two digits of your Employee ID number
If you have problems logging on to UPSers.com or accessing the Web cast, please see your manager.
S
Slap-Happy
Guest
Ironically I was just transfered from the Corp office to a Region. I am between 50-55, Do you think it's a coincidence?
traveler
Where next? Venice
Thanks for the post with all the scoop.
As anyone can see, little of what he rumor mill turned out was true. This seems to be a buy out of folks working with companies that were acquired by UPS, duplicating existing management...
I guess the case is closed on this one.
As anyone can see, little of what he rumor mill turned out was true. This seems to be a buy out of folks working with companies that were acquired by UPS, duplicating existing management...
I guess the case is closed on this one.
It will be interesting to see what the offer is to the eligible people.If it is not the formula plan that some of us have heard then i'm sure there will be more announcements after Christmas.They usually have them in january.At least the major consolidation and original ero in 1995 were.
moreluck
golden ticket member
Just another quick blurb from Reuters....stock is down a few cents in after hours trading...It shouldn't be to my way of thinking. Eliminating redundant positions is a positive thing.
Reuters
UPS says it is offering voluntary buyouts to 650 workers
Monday December 11, 4:18 pm ET
CHICAGO (Reuters) - United Parcel Service Inc. said on Monday it was offering voluntary buyout packages to 650 employees.
UPS, the world's largest package delivery company characterized the move as the latest part of its ongoing effort to "eliminate redundant positions."
The company said the impact of the buyouts on its finances would not be known until after January 29, 2007, when the buyout offer's election period expires.
Reuters
UPS says it is offering voluntary buyouts to 650 workers
Monday December 11, 4:18 pm ET
CHICAGO (Reuters) - United Parcel Service Inc. said on Monday it was offering voluntary buyout packages to 650 employees.
UPS, the world's largest package delivery company characterized the move as the latest part of its ongoing effort to "eliminate redundant positions."
The company said the impact of the buyouts on its finances would not be known until after January 29, 2007, when the buyout offer's election period expires.
alwaysaware
Member
To SlyFox - I stand corrected. Yes - Much stock is now in public hands. Quite a bit was transfreered by employees. I should now call myself Mildy Aware. Thanks.
Anyway - it looks like the offer goes to those SCS people that we picked up (myabe many should stay) and the ones from UPS who couldn't swim back to shore.
Still wondering what 2007 holds - pension, pension, pension - that's what I hear....
Brown Beamer
New Member
The buyout also includes 20/10 UPS employees not just SCS, I should know since I am one of them. My department would take a 15% to 20% reduction if the offer is widely accepted. The general consensus within the group was flat.
We went through the initial presentation this afternoon. The PowerPoint was "light" on details but, the pension is still intact.
Basically, one week for every year of service, one additional month, and any unused 2007 vacation. This looks a lot like the 1995 offering.
There was a mention of reduced pension (basically the further from 55 the greater the reduction plus) with a "lump sum" to help make up the difference. Of course we did not get the formula on the conference call and it was the only question asked. Next Day Air packets are being delivered to our home address tomorrow with the exact details.
We went through the initial presentation this afternoon. The PowerPoint was "light" on details but, the pension is still intact.
Basically, one week for every year of service, one additional month, and any unused 2007 vacation. This looks a lot like the 1995 offering.
There was a mention of reduced pension (basically the further from 55 the greater the reduction plus) with a "lump sum" to help make up the difference. Of course we did not get the formula on the conference call and it was the only question asked. Next Day Air packets are being delivered to our home address tomorrow with the exact details.
corp
New Member
Look for the stock to stay flat or go down further on this move. You'll see early retirees dumping it soon after leaving. The steady stream of sales have been depressing this stock for some time.
Even though they're not here yet, expect the pension and health care cuts to come later. It all comes in dribs and drabs...slow bleeding.
Even though they're not here yet, expect the pension and health care cuts to come later. It all comes in dribs and drabs...slow bleeding.
upsdude
Well-Known Member
Since you'll be at work anyway, do you mind if those are delivered after 10:30?
DS
Fenderbender
That would be the major shareholders.
UPS has to go back to its roots
and take off from where it went bad.
Maybe the I E guy is expendable,maybe PAS was a mistake.
Maybe it was bad to go public.
Maybe the expense of tracking packages has become more important than simply delivering them.
I`ve often thought that even front line mngmt could be eliminated
if they let the drivers run the ship.
We are going into our 100th year with no real spirit.
They should do something big like offer free shipping to repeat customers ,in a daily free shipping raffle.They should also use thier part timers in a way that us drivers could see our familys now and then.
Ok I`m done
B
bystander
Guest
Just curious. Anyone know what the actual offering is? Do you suppose this is just round one? IMO---I think there will be more in 2007.
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