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All Trash No Trailer
The same way a two tiered wage system is being brought into this contract. i.e nice and legalHow would the company just "eliminate pensions for those that are retired"? How does that work exactly?
The same way a two tiered wage system is being brought into this contract. i.e nice and legalHow would the company just "eliminate pensions for those that are retired"? How does that work exactly?
Doesn't work that way. That would actually be "illegal".The same way a two tiered wage system is being brought into this contract. i.e nice and legal
so are you saying the older guys would vote for a crap contract so UPS profits will go up and so will the stock price and dividends?
yes. I have a thousand shares and growing . and just reinvest the dividends for now.Well, if you consider Central States being in rocky territory, you have to make that retirement shortage back somehow...and UPS raising their dividend to .91 per share...might not be a bad idea. I mean you DO want your investments to remain profitable right?
Well, if you consider Central States being in rocky territory, you have to make that retirement shortage back somehow...and UPS raising their dividend to .91 per share...might not be a bad idea. I mean you DO want your investments to remain profitable right?
So the moral of the story? Buy more stock?They are making that "retirement shortage back" by eliminating their UPS Retirement Plan for management people in 2023. That my friend will provide the addition revenue to prevent a major hurt on their shareholders. The Central States problem is why the IBT/UPS pension plan will never pay like the Western's. Corporate is still on the hook for any reduction or default that may occur. Why would both the Union and the Company want to add more costs to a failing scenario, so those members in the Central will continue to be paying for the mistakes from the past.
Vote no on everythingThey will screw up the additional pension money anyways ...
The future of all new drivers is your pension. Because your pension is also their pension. Apparently many TCD don’t get your pension and don’t really have a future.It's not about my pension it's about the future of all new drives making the same rate of pay as us old drivers new drivers will be doing the bulk of the work why in the world would anybody vote on this bs contract vote no and get the word out to vote
Anyone get the feeling they already have a backup carrot contract that will be pulled out in case this one does not pass muster? Then force the next one using “I’m losing $” car dealer tactics.
If feels weird for sure. I don't recall management before ever even mentioning about voting on a contract. We've had numerous PCM's mentioning about "getting informed" and making "informed choices". Mentioning the UPS official app and Teamsters Rising or something. It's like they are trying to scare young guys into voting yes.