No early retirement incentive at UPS
12-21-2009, 11:51 AM
#1
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No early retirement incentive at UPS
VJPP RETIREMENT OPTIONS FINAL
UPS communicated today that no additional Voluntary Job Protection Program retirement options would be made in connection with the sign-up period now under way. “We have worked for a number of weeks to provide additional retirement incentives for crewmembers,” said IPA President Bob Miller. He added that the decision making process on the Company’s side had included the CEO and CFO in Atlanta. “After today’s conversation with UPS Labor representatives, I am convinced that a final decision has been made that there will be no additional VJPP retirement options offered as part of this month’s sign-up period,” Miller said.
UPS communicated today that no additional Voluntary Job Protection Program retirement options would be made in connection with the sign-up period now under way. “We have worked for a number of weeks to provide additional retirement incentives for crewmembers,” said IPA President Bob Miller. He added that the decision making process on the Company’s side had included the CEO and CFO in Atlanta. “After today’s conversation with UPS Labor representatives, I am convinced that a final decision has been made that there will be no additional VJPP retirement options offered as part of this month’s sign-up period,” Miller said.
12-21-2009, 11:57 AM
#2
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I have come to the conclusion based on this action that UPS actually wants to furlough. I do not think that they will furlough 300. More like 50-100, just enough to make their point that they are still the boss.
They also have the added benefit of keeping the savings generated by personal leaves and MIL duties going forward already in progress. This is on top of what they saved this year with reduced guarantees and job shares.
They want to take advantage of the economic downturn to take hostages. Just like they did to the mechanics. They now realize that they must act soon. It does not matter if they take 1 or 300, it is still a hostage and they maintain the upper hand for negotiations in the future.
Oh yeah,
Happy Holidays
They also have the added benefit of keeping the savings generated by personal leaves and MIL duties going forward already in progress. This is on top of what they saved this year with reduced guarantees and job shares.
They want to take advantage of the economic downturn to take hostages. Just like they did to the mechanics. They now realize that they must act soon. It does not matter if they take 1 or 300, it is still a hostage and they maintain the upper hand for negotiations in the future.
Oh yeah,
Happy Holidays
Last edited by CactusCrew; 12-21-2009 at 03:18 PM.
12-21-2009, 12:01 PM
#3
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Question. If you sign up to participate with the current MOU, and because the goals are not reached, the company furloughs, will you still be required to go through with your "donation" even though the furlough happens?
12-21-2009, 12:12 PM
#4
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Originally Posted by fedupbusdriver
Question. If you sign up to participate with the current MOU, and because the goals are not reached, the company furloughs, will you still be required to go through with your "donation" even though the furlough happens?
but for RDG/JS etc....no, you will not go through with it. When furlough is (possibly) announced (the fat lady is at the mic and clearing her throat...I just hope she chokes before she can sing) the MOU is then canceled. This is not a good sign, but it ain't over yet....
12-21-2009, 01:27 PM
#5
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Actually, Think about it. The number would have to be very large to get the old timers to leave. And I'm glad they didn't suck up to the Farve's. Make em commute and work. Almost 100% of the guys I used to fly with wanted out, that's all they talked about for years. And there all still here!!!
They wouldn't leave no matter what. Facts. Greed is a powerful thing. And 90% of em have been Captain since day one in '88.
They wouldn't leave no matter what. Facts. Greed is a powerful thing. And 90% of em have been Captain since day one in '88.
12-21-2009, 01:45 PM
#6
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Originally Posted by Commando
Actually, Think about it. The number would have to be very large to get the old timers to leave. And I'm glad they didn't suck up to the Farve's. Make em commute and work. Almost 100% of the guys I used to fly with wanted out, that's all they talked about for years. And there all still here!!!
They wouldn't leave no matter what. Facts. Greed is a powerful thing. And 90% of em have been Captain since day one in '88.
They wouldn't leave no matter what. Facts. Greed is a powerful thing. And 90% of em have been Captain since day one in '88.
Their second year pay as Captain was a whopping 65G a year. What is the second year pay now? Just because they were Captains from year one (I wasn't one of them) doesn't make them over paid.
12-21-2009, 02:13 PM
#7
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And $65K in 1988 equates to $118,841 and change in todays dollars.
Not bad smack for first year with no contract.
Sure the work rules sucked but the argument that they were paupers in 88 doesn't hold much water.
Not bad smack for first year with no contract.
Sure the work rules sucked but the argument that they were paupers in 88 doesn't hold much water.
12-21-2009, 02:54 PM
#8
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Originally Posted by FrontSeat
It was better then what they were making at the company they came from with a better future. And in those times if they did not like it they could have quit and went someplace else. And later on also offered to buy company stock before they went public, chance to make a ton......could they have done that with their former company?
Just sayin........
Just sayin........
Goodby
12-21-2009, 02:59 PM
#9
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Same for the last 300 hired- isn't that funny- history just repeating and economics cycling. Keep the contract improved in the meantime...
Really- this needed a thread? Really?! You thought the man was going to WRITE a check?! Really?
So, the same 6 or so folks that want everyone on RDG will moan and the same 6 or so folks that blame folks on the bottom for entitlement and reason about not supporting the MOU come out like moths to a burning paycheck...
Thanks for the support for those that have helped out.
Really- this needed a thread? Really?! You thought the man was going to WRITE a check?! Really?
So, the same 6 or so folks that want everyone on RDG will moan and the same 6 or so folks that blame folks on the bottom for entitlement and reason about not supporting the MOU come out like moths to a burning paycheck...
Thanks for the support for those that have helped out.
Last edited by MoosePileit; 12-21-2009 at 03:45 PM. Reason: typo
12-21-2009, 03:53 PM
#10
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[QUOTE=CactusCrew;730822]I have come to the conclusion based on this action that UPS actually wants to furlough. I do not think that they will furlough 300. More like 50-100, just enough to make their point that they are still the boss.
I agree with you to a point. I think UPS doesn't want to furlough. You have to figure it will be 1 year since UPS made the announcement of 300 or money in till the first guy would hit the street. Look how fast they parked the DC-8s, the 727s. They keep giving us EXTRA time to show them the money.
If they do furlough (is what I agree with you on). My number is a little higher. 150 - 200.
We can talk and talk all we want, but it doesn't make a difference. Sometime after the 1st we will know just want UPS really wants.
I agree with you to a point. I think UPS doesn't want to furlough. You have to figure it will be 1 year since UPS made the announcement of 300 or money in till the first guy would hit the street. Look how fast they parked the DC-8s, the 727s. They keep giving us EXTRA time to show them the money.
If they do furlough (is what I agree with you on). My number is a little higher. 150 - 200.
We can talk and talk all we want, but it doesn't make a difference. Sometime after the 1st we will know just want UPS really wants.
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