Thoughts?

[DELACROIX]

Yep. We’re caught in the middle. If O’Brien doesn’t get a huge raise for part timers, Amazon workers will ignore the Teamsters.

If we strike, it is because O’Brien wants to show Amazon workers what a Union can do for them.

O’Brien even said this goes beyond UPS. We are caught in the middle and may pay a huge price for O’Brien’s strategy.

Calm down: Two factors that may be driving this Contract, both from the Feds..

February 24, 2021....Biden's meeting with Executives from UPS, Fedex and others in the transportation business over their responsibilities covering supply chains. (No Interruptions...Period)....

December 8, 2022...Passage of the PGBC bail out with Central States and other underfunded pension trusts.

Those two might be tied together.......Who benefited from the Central bailout besides our current retirees? Remember that UPS was still on the hook from their agreement to cover any reduction with our retirees prior to 2008. Maybe the feds made a deal they couldn't refuse, make a good deal with this contract or we will unleash HELL on you and your little dog too...

 

[Pullman Brown]

I'm starting to believe the only reason we haven't been shown what's been offered is because full timers would probably vote yes on it and SOB knows that.

 

[UnionStrong]

Did Yellow benefit from the recent Central States bailout?

Probably

 

[Thebrownblob]

Did Yellow benefit from the recent Central States bailout?

Yes, everyone in central states did

 

[UnionStrong]

Yes, everyone in central states did

That’s why you’re here, vato

 

[542thruNthru]

No. I believe they are still under the " Distressed Employer Schedule" act of 2011. I think they are at roughly $60 per year accrual rate.

Yellow in the west I believe doesn't have a pension anymore.

 

[burrheadd]

Yellow in the west I believe doesn't have a pension anymore.

They haven’t paid the full amount to the central in many years

 

[34yearpackagehumper]

Calm down: Two factors that may be driving this Contract, both from the Feds..

February 24, 2021....Biden's meeting with Executives from UPS, Fedex and others in the transportation business over their responsibilities covering supply chains. (No Interruptions...Period)....

December 8, 2022...Passage of the PGBC bail out with Central States and other underfunded pension trusts.

Those two might be tied together.......Who benefited from the Central bailout besides our current retirees? Remember that UPS was still on the hook from their agreement to cover any reduction with our retirees prior to 2008. Maybe the feds made a deal they couldn't refuse, make a good deal with this contract or we will unleash HELL on you and your little dog too...

 

[34yearpackagehumper]

I think you mean UPS "would cover" any central states shortcomings for teamsters that retired after 2008 .

 

[Johney]

Yep. But that is not a win for O’Brien in regards to Amazon or FedEx.

We are pawns in his agenda.

This will be his biggest victory or his demise.

 

[DELACROIX]

I think you mean UPS "would cover" any central states shortcomings for teamsters that retired after 2008 .

Correct.. my bad…

 

[catstalking]

In this whole contract negotiations, with each passing day, i figure we are being played somehow. I just ain't smart enough to figure out how and by who.

we're all just cattle for the financiers one way or the other

 

[anonymous23456]

we're all just cattle for the financiers one way or the other

What is your solution? Since the industrial revolution we haven't had new idea.

Communism? No.
Socialism? No.
Capitalism? Half bad but what is the alternative?

Let me remind you: British East India Company. Dutch West India Company and Dutch East India Company.

 

[anonymous23456]

UPS doesn't go to the bank and asks to borrow money. UPS has to go to Wall Street to offer Corporate Bond for sale. That is how any companies raise money today!

 

[Wally]

If I worked for Yellow, I would load trucks if it meant keeping my nice paying, union job. I get paid by the hour.

 

[Up In Smoke]

UPS doesn't go to the bank and asks to borrow money. UPS has to go to Wall Street to offer Corporate Bond for sale. That is how any companies raise money today!

Companies use three methods to build capital. Retained earnings, debt capital or equity capital are typically the three most common.

 

[anonymous23456]

Companies use three methods to build capital. Retained earnings, debt capital or equity capital are typically the three most common.

Yes. Bond sales price is determined based on that. Otherwise, it goes to Junk Bond.

 

[Up In Smoke]

Yes. Bond sales price is determined based on that. Otherwise, it goes to Junk Bond.

Private companies go to banks to secure capital and traded companies generally retain earnings or offer stock.

 

[Thebrownblob]

If I worked for Yellow, I would load trucks if it meant keeping my nice paying, union job. I get paid by the hour.

It’s really not that great of pay, some of those guys have been there 20 years and only make $26-$27 an hour. Many years with no raises. And it’s not just loading trucks. They want to let contractors take their work.

 

[catstalking]

What is your solution? Since the industrial revolution we haven't had new idea.

Communism? No.
Socialism? No.
Capitalism? Half bad but what is the alternative?

Let me remind you: British East India Company. Dutch West India Company and Dutch East India Company.

the solution is to keep the banking class regulated all to hell while allowing maximum liberty for the rest of the economy