Are the UPS job cuts announced also pilot?
01-08-2010, 08:52 AM
#5
Gets Weekends Off
Joined APC: Apr 2007
Posts: 157
UPS announcement
Below are the last two paragraphs from the Reuters press release. I interpret the bold face as fact that the company will (or already has) accepted our give-backs and factored this savings into the earnings upgrade today.
Rott
UPS said it expects a one-time charge in 2010 as a result of the restructuring, but this will be offset by savings in the small package business.
The company is due to report quarterly earnings on February 2. UPS shares were up 5.7 percent at $60.71 in morning trading. FedEx shares were up 1.8 percent at $84.43.
(Reporting by Helen Chernikoff; Editing by Derek Caney and John Wallace)
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Rott
UPS said it expects a one-time charge in 2010 as a result of the restructuring, but this will be offset by savings in the small package business.
The company is due to report quarterly earnings on February 2. UPS shares were up 5.7 percent at $60.71 in morning trading. FedEx shares were up 1.8 percent at $84.43.
(Reporting by Helen Chernikoff; Editing by Derek Caney and John Wallace)
</SPAN>
01-08-2010, 08:59 AM
#6
Gets Weekends Off
Joined APC: Apr 2005
Position: 757/767
Posts: 1,128
Spoke to someone very higher up in atlanta and said all job cuts are level 3 and up ground managment due to loss of profit on the ground side and ups were told to decrease management world wide by atleast 11%. More cuts to follow in excess of 3800 or more and they're analyzing the needs for these positions asthey are reconstructing thier regions and district. Asked him about the air side and the comment was, We are still evaluating and need to be much more effecient and leaner all around.
Last edited by brownie; 01-08-2010 at 03:27 PM.
01-08-2010, 10:20 AM
#8
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Joined APC: Jul 2008
Posts: 1,235
Originally Posted by L'il J.Seinfeld
Also keep in mind UPS has over 400,000 employees. None of these 1800 involve the airline's mgt pilots.
01-08-2010, 02:22 PM
#10
Gets Weekends Off
Joined APC: Apr 2006
Position: MD-11 Captain
Posts: 4,304
Originally Posted by Busdrivr
Question. Are your management pilots not on your master seniority list?
It may not be the best arrangement but it is what it is ... one of the few advantages is that they will one day be forced to comply with some of their own unreasonable directives. It can be sort of funny to hear them b*tch about them (sometimes the guy that actually instituted the policy!)
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