Best to get advice from Teamsters and your own local attorney before signing on so you do not goof up your own retirement.
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@2m2 For delivering packages, the group of drivers is way overpaid! I can see why the company is in trouble.
a one or two day national strik_ would be all that's needed likely to get their point across to make sure all negotiations go thru teamsters first. hopefully peaceful meetings will soon will resolve any chances of a strik_ .
Would not be surprised if Teamsters calls a nationwide strike to bring UPS to the negotiating table as it should have been done that way to start with.
If UPS gets a poor response to buyout offer, they will start laying off drivers, these drivers will bump into hub. After 3 weeks these drivers pay will drop to a hub rate. These drivers working in the hubs will have to work two pt shifts. You may have a two hour gap in between shifts. If you don't work both shifts, it's an attendance issue. This snowball effect will cause pt hub hourly employees to be laid off without any benefits of they don't at work 1 day a week.
Let the Union negotiate any terms and conditions for its members. This is the only way you might get a much better offer.
I would like to know how they came up with the $1800 number? Thats not even a weeks pay! With wages, Healthcare, and pension credits that works out to be $220,000 a year. This is their generous offer? This is their investment in myself and my family? No thanks Brown frown! This offer is insulting!!!
well finally the low curb offer comes in .....at $1,800.00 per every years service. far off but at least a starting point arrives.
Unions need to notify members the statis of what is going on, at least once a week. Shadowing, not saying anything creates suspicion and division among members. Be honest about what's on the table and allow member input.
They should be laying off operations management employees, especially the older ones 60 years old.
Top Union people would know what exactly was offered on their first meeting with UPS.
Does anyone know what the drivers buyouts offer was? It only said a generous buyout. What does that mean
Buyout looks to be dormant ? for now. Not enough time before July 29th earnings disclosure to close it out. Likely easier to just go straight to layoffs and at least have some$$ news$$ for investors. Poor planning, should have allowed more time for the back and forth negotiations.
if enough pre-retirees take the offering, it leaves an opening with the same number to be hired by end of contract as required by union agreement. slam dunk... obligation met. even with deliveries down/profits down, corp. ends up with same number of employees at but at cheap beginner wages.
Common to put a layoff number out there such as the 20,000 to pop a warning over the bow. Nervous jitters and fear evolve. Makes fertile ground to launch a buyout in about 90 days. Desperation says, "take any offer because a layoff only gets unemployment". This old trick helps businesses save thousands. Notice the announcement was up and then mysteriously disappeared. Hmmm. Any gaming or is this normal?
I’m definitely going to listen. I’m a 30 year employee with 26 full-time driving years. I’m retiring in March when I hit 55 years of age so this might be a positive but only if I can get my full pension and healthcare. Personally I don’t think it will come to fruition. This buyout sounds like it’s aimed more towards guys that are already qualified to retire.
Earnings disclosure July 29th. Might be good to closed out buyouts by then as show of movement for investors.
Due to the Teamsters fighting for members, the great pay and benefits go into UPS employee pockets. This inspiration causes extremely top notch workers. For those companies who pay cheap they get cheap unhappy workers looking to quit.
The real competition for UPS are drivers at Amazon at half the pay, FedEx driver at half the pay, and people delivering out of their cars for gas mileage. How can UPS justify the high pay drivers get?
Will the deadline to take buyout be right before the july 29th ? meeting to update investors on how the company is doing
Gets rid of Union knowledgeable seniors so the young drivers are exposed and unaware of grievance policies and how to work safely and efficiently.
It only matters if retirement qualifying years are added w/o working those years and if healthcare premiums are paid even if you have less than the 30 years in. Just a cash buyout has NO VALUE as it only raises your tax bracket, and you actually only get maybe 35%-40% left to invest. Drivers average $170,000 yr.? More if on the 9 1/2 rule.