Teamster Buyout?

[DELACROIX]

Aside from showing Amazon the door, this is by far one of the smartest moves the Company has made in quite some time. This MAGA inspired buyout is clearly designed to shed excess labor costs by providing the financial impetus for those who have already met the minimum requirements for their pension to put in their papers. Union jobs have a natural progression---get hired, work your 30 years, retire----and are not meant to be life long occupations. Folks who stay upset this progression. This VOLUNTARY buyout will provide a lump sum payment of $3-5K for every year of eligible service-----unfortunately, unlike the pension bailout, there is no way to roll this buyout over tax free to a retirement account----along with health care through the end of the year. They will also receive lump sum payments of any accrued personal/sick/vacation time----these will be paid in their customary manner. UPS will formally offer this buyout in early August and will set a firm deadline (30 days) for eligible members to accept their offer as they would like to clear their books before the end of their fiscal year. Employees who do accept the buyout will have their employment terminated in early October at which point the Company will hire and train seasonals and let them run bulk routes during Peak. I find it amusing that our resident Union expert is characterizing this buyout as a extra contractual agreement----it is not----and that offering a buyout in any way relieves the Company of their responsibility to create x number of new jobs----one has nothing to do with the other.

Employees who are within a year or two of meeting their pension plan's minimum requirements have a interesting dilemma----if they have the years but not the age they could accept the buyout, freeze their pensions, flip burgers for a year or so and then begin to draw their pension once they reach the minimum age requirement. Those who have the age but not the years of service could decide that they are willing to accept the buyout and the 6% permanent cut (per year) in their pension for every year that they leave early. Anyone with less than 25 years of service should not even think about taking the buyout as it would make ZERO financial sense. It would also make ZERO sense to accept the buyout and then go on COBRA. This buyout is specifically for those who have overstayed their welcome.

As for the Brown Cafe buyout, this site has become a shell of itself and, despite the best efforts of one member to single handedly boost the posts count, only a fool would invest a dime on what would be a nostalgia purchase. The FNN is much more accurate. Time for this forum to go buh bye.

Let me guess: a (part time supervisor) suffering with illusions of grandeur…gunning for Carol’s position..

 

[DELACROIX]

They’re sitting at the highest level of office at the international right now.

TDU are not or were reformists…. Same “Suits” different tie clips..

 

[badpal]

PCM, very gloom and doom this morn. I don't see my halfwit on car saying things like that without permission. Makes one wonder.

 

[Thebrownblob]

PCM, very gloom and doom this morn. I don't see my halfwit on car saying things like that without permission. Makes one wonder.

Setting everything up for the next year and a half before contract negotiations. Including hoping you take the buy off.

 

[UnionStrong]

PCM, very gloom and doom this morn. I don't see my halfwit on car saying things like that without permission. Makes one wonder.

Trying to scare people into taking the buyout?

 

[Thebrownblob]

Trying to scare people into taking the buyout?

As well as a continual purposeful erosion of our standards and our service. None of us are in control of that that is all management.

Any of us that have worked her long enough we we’re constantly told we only sell one thing…… service, once the management in the Ivory Towers decided that was not important. It was easy to see what they were really doing.

 

[UnionStrong]

As well as a continual purposeful erosion of our standards and our service. None of us are in control of that that is all management.

Any of us that have worked her long enough we we’re constantly told we only sell one thing…… service, once the management in the Ivory Towers decided that was not important. It was easy to see what they were really doing.

Service was the message, the entire reason for the company’s success and existence, premium service.
They’re running it into the ground now.

 

[Thebrownblob]

Carol, we need to see you in the office to talk about your performance….. you might wanna bring Union steward.

Volume dropped 7.3% this quarter compared to Q2 2024.

Revenue: Q2 2025: 21.221 billion. Q2 2024: 21.818 billion. 2.7% decline.

Net income: Q2 2025: 1.283 billion. Q2 2024: 1.409 billion. 8.9% decline.

Diluted Earnings per share was $1.55.

Tome claims we're the biggest in the business in regard to cold chain logistics (healthcare).

Guidance cut due to macro policy. Specifically mentioned tariff uncertainty multiple times. Expects more certainty after Q3.

Tome commits to "stable and growing" dividend.

Total average domestic volume down 7.3%

Air volume down 11.6%

Ground volume down 6.6%

600k pieces per day glide down from Amazon in Q1

400k pieces per day glide down from Amazon in Q2

Amazon volume rate of decline expected to increase in Q3/4.

74 buildings closed. Expects additional closures in Q3/4.

Peak plans? 100 UPS customers drive 80% of volume surge... Peak plans end of August/September. UPS ready for whatever comes.

Driver buyout moving as planned. No number yet tr provide.

 

[BadIdeaGuy]

Service was the message, the entire reason for the company’s success and existence, premium service.
They’re running it into the ground now.

Is Jessica actually Carol Tome?

 

[UnionStrong]

Is Jessica actually Carol Tome?

Cousins

 

[Oh Shoot]

Aside from showing Amazon the door, this is by far one of the smartest moves the Company has made in quite some time. This MAGA inspired buyout is clearly designed to shed excess labor costs by providing the financial impetus for those who have already met the minimum requirements for their pension to put in their papers. Union jobs have a natural progression---get hired, work your 30 years, retire----and are not meant to be life long occupations. Folks who stay upset this progression. This VOLUNTARY buyout will provide a lump sum payment of $3-5K for every year of eligible service-----unfortunately, unlike the pension bailout, there is no way to roll this buyout over tax free to a retirement account----along with health care through the end of the year. They will also receive lump sum payments of any accrued personal/sick/vacation time----these will be paid in their customary manner. UPS will formally offer this buyout in early August and will set a firm deadline (30 days) for eligible members to accept their offer as they would like to clear their books before the end of their fiscal year. Employees who do accept the buyout will have their employment terminated in early October at which point the Company will hire and train seasonals and let them run bulk routes during Peak. I find it amusing that our resident Union expert is characterizing this buyout as a extra contractual agreement----it is not----and that offering a buyout in any way relieves the Company of their responsibility to create x number of new jobs----one has nothing to do with the other.

Employees who are within a year or two of meeting their pension plan's minimum requirements have a interesting dilemma----if they have the years but not the age they could accept the buyout, freeze their pensions, flip burgers for a year or so and then begin to draw their pension once they reach the minimum age requirement. Those who have the age but not the years of service could decide that they are willing to accept the buyout and the 6% permanent cut (per year) in their pension for every year that they leave early. Anyone with less than 25 years of service should not even think about taking the buyout as it would make ZERO financial sense. It would also make ZERO sense to accept the buyout and then go on COBRA. This buyout is specifically for those who have overstayed their welcome.

As for the Brown Cafe buyout, this site has become a shell of itself and, despite the best efforts of one member to single handedly boost the posts count, only a fool would invest a dime on what would be a nostalgia purchase. The FNN is much more accurate. Time for this forum to go buh bye.

TLDR...

 

[Well-Known Member]

Carol, we need to see you in the office to talk about your performance….. you might wanna bring Union steward.

Volume dropped 7.3% this quarter compared to Q2 2024.

Revenue: Q2 2025: 21.221 billion. Q2 2024: 21.818 billion. 2.7% decline.

Net income: Q2 2025: 1.283 billion. Q2 2024: 1.409 billion. 8.9% decline.

Diluted Earnings per share was $1.55.

Tome claims we're the biggest in the business in regard to cold chain logistics (healthcare).

Guidance cut due to macro policy. Specifically mentioned tariff uncertainty multiple times. Expects more certainty after Q3.

Tome commits to "stable and growing" dividend.

Total average domestic volume down 7.3%

Air volume down 11.6%

Ground volume down 6.6%

600k pieces per day glide down from Amazon in Q1

400k pieces per day glide down from Amazon in Q2

Amazon volume rate of decline expected to increase in Q3/4.

74 buildings closed. Expects additional closures in Q3/4.

Peak plans? 100 UPS customers drive 80% of volume surge... Peak plans end of August/September. UPS ready for whatever comes.

Driver buyout moving as planned. No number yet tr provide.

Usually, when a Company tanks, the CEO falls on the sword.

Intel
Boeing
UnitedHealth Group
Spirit Airlines
Amtrak
Starbucks
Nestle

Time to go Carol.

 

[Thebrownblob]

Usually, when a Company tanks, the CEO falls on the sword.

Intel
Boeing
UnitedHealth Group
Spirit Airlines
Amtrak
Starbucks
Nestle

Time to go Carol.

She’s doing what she’s supposed to.

 

[DELACROIX]

She’s doing what she’s supposed to.

“She’s doing what she’s (TOLD) to do…”

 

[AllTheBellsAndWhistles123]

Usually, when a Company tanks, the CEO falls on the sword.

Intel
Boeing
UnitedHealth Group
Spirit Airlines
Amtrak
Starbucks
Nestle

Time to go Carol.

Actually, the CEO of UHG fell on the sidewalk.

 

[Well-Known Member]

Actually, the CEO of UHG fell on the sidewalk.

Actually, no. Well, he did. But he was the CEO of one of UnitedHealth Group's subsidiaries, United Healthcare.

I was referring to Andrew Witty, CEO of the parent company UnitedHealth Group.

 

[DELACROIX]

Usually, when a Company tanks, the CEO falls on the sword.

Intel
Boeing
UnitedHealth Group
Spirit Airlines
Amtrak
Starbucks
Nestle

Time to go Carol.

Common practice in Japan..

 

[UnionStrong]

Common practice in Japan..

Not today, DERACROW SAN

 

[Well-Known Member]

She’s doing what she’s supposed to.

Maybe another reason for the buyouts.

She knows next quarter will tank also. But she will blame it on the buyouts and Amazon drop in volume, which she will say pays off down the road.

See, see is the typical woman. Nothing is ever their fault. They always blame someone, or something, else, whether it's true or not. Exactly what she is doing and will continue to do.

Then comes peak and fourth quarter. She is hoping that peak will pull her and UPS out of the dumpster. At least temporarily. She just bought herself another 9 months at the helm until next year's first quarter earnings call.

I guess better not bigger is not working out so well. We're certainly not getting bigger, actually quite the opposite, and we're definitely not getting better, again quite the opposite.

 

[Brown Circus]

Actually, the CEO of UHG fell on the sidewalk.

Did you fall on the floor when you tripped on Carols bathroom rug?