Teamster Buyout?

[oldngray]

That is true bit the company lost their case in the 97 contract.

The company was supposed to create a bunch of new jobs then but it mostly didn't happen

 

[IVE GOTTA PACKAGE 4U]

The company was supposed to create a bunch of new jobs then but it mostly didn't happen

It happed after they went to court.

 

[BrownFlush]

That is true bit the company lost their case in the 97 contract.

That's because we were studs.
You pusillanimous just bend over and take it now.

 

[IVE GOTTA PACKAGE 4U]

That's because we were studs.
You pusillanimous just bend over and take it now.

Best suntan ever.

 

[Brown Circus]

I suppose there could be a buyout take place, but when UPS decides to do it unilaterally they are probably in violation of Article 6 in the national agreement. Had they come to the IBT and negotiated the details then maybe something could be agreed upon.

ARTICLE 6.
Section 1. Extra Contract Agreements
Except as may be otherwise provided in this Agreement, the Em-
ployer agrees not to enter into, or attempt to enter into, any agree-
ment or contract with its employees, either individually or collec-
tively, or to require or attempt to require employees to sign any
document, either individually or collectively, which in any way
conflicts with the provisions of this Agreement. Any such Agree-
ment or document shall be null and void. Any such agreement or
document may not be placed in an employee’s file or used by the
Employer as a basis for discipline or used in connection with any
disciplinary proceeding, nor may any such agreement or document
nor the contents thereof be divulged to any person or entity.
In addition, the Company will not discipline an employee for refus-
ing to sign any Company form related to the principle of a fair day’s
work unless the signing is required by law or by this Agreement.

I agree with you but the argument SOB has made that UPS is trying to weasel out of creating jobs has holes in it. The language only asks the company to promote 22500 part time positions. Seeing as how the largest chunk of the “30B in wins” this contract won for “us” is promised to new hires, one has to wonder why the language would not have required new hires instead of promotions. If it did then hubs would not be turning automated.

 

[P£INinY0uR***UnionGuy8564]

That is true bit the company lost their case in the 97 contract.

It's all about buying themselves time and laying off / buying out as many people as possible in preparation for the jobs they're obligated to create.

 

[IVE GOTTA PACKAGE 4U]

It's all about buying themselves time and laying off / buying out as many people as possible in preparation for the jobs they're obligated to create.

Supposed to be new jobs
Bit there is a huge difference in pay between a new hire and a veteran driver.

 

[burrheadd]

Supposed to be new jobs
Bit there is a huge difference in pay between a new hire and a veteran driver.

Teamsters were out negotiated once again

 

[IVE GOTTA PACKAGE 4U]

Teamsters were out negotiated once again

At least we didn't have a sell out contract like last time.

 

[over9five]

I still don’t understand how a union contract can force a company to hire more employees. I know what it says, and I do believe the jobs are warranted right now, but what if they weren’t?

And why in the world did UPS agree to it?

 

[IVE GOTTA PACKAGE 4U]

And why in the world did UPS agree to it?

Because
They has a plan.

 

[burrheadd]

And why in the world did UPS agree to it?

UPS playing chess
Teamsters playing checkers

 

[MyTripisCut]

And why in the world did UPS agree to it?

To avoid a strike? Easier to fight behind the scenes. Why did they agree to a lot of the stuff in this contract?

 

[IVE GOTTA PACKAGE 4U]

To avoid a strike? Easier to fight behind the scenes. Why did they agree to a lot of the stuff in this contract?

Do as we want grieve it later.

 

[oldngray]

UPS playing chess
Teamsters playing checkers

 

[nWo]

SOB is on the Epstein list.

 

[IVE GOTTA PACKAGE 4U]

 

[AllTheBellsAndWhistles123]

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.

 

[IVE GOTTA PACKAGE 4U]

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.

Well anyone taking the buy out and you're going to pay it all out in this year.

Too much of a tax liability for me

 

[IVE GOTTA PACKAGE 4U]

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.

Hi Upstate
How is retirement treating you?