Originally Posted by
FR8K9
I think that UPS and every other corporation in the world today would kick any unnecessary employee to the curb to save a buck. That is their fiduciary duty to the shareholders, no?
Nope. Their fiduciary responsiblity to the shareholder is to ensure the long term viability of the company. This pilot group is the key to the biggest slice of the profit pie. SCS and the ground side are huge, but the only foreseeable growth is in the international sector, and as someone smarter than I has said, its hard to drive a package car across the Pacific. It would be shortsighted to even think of furloughing right now, but in the UPS corporate mentality, sharing the cost cutting pain is sometimes more important than actually doing the right thing. The furlough announcement in 01(?) was nothing more than OOPS sharing the pain. We still made nearly 1 Bil that quarter. Have a good night and have fun at the breakfast!
TH1