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United Parcel Service, Inc. Message Board

  • dudesbag dudesbag Jun 25, 2013 6:52 PM Flag

    Irritating P/R

    So, let's assume the outrageous. Let's say for argument's sake that there is no agreement and the wildly unsatisfied Teamsters do not agree to an extension of the existing contract until final ratification can take place. Let's say a work stoppage would go on for 3 months. How would the Teamster rank and file come out ahead? Full-time driver jobs would be lost, the part-time work group would be cut back dramatically, a deepening rift between management and hourly would make working conditions much more strained to say the least and untold customers/volume would be lost until some time into the future. The result? Every shareholder- and that includes a significant number of Teamsters themselves- would suffer through share price devaluation. The dividend would be at risk taking $$ out of every shareholders pocket. The pension and health benefits fund would be put at risk and that could dramatically cut into the retirement dreams of Teamsters present and past.

    So, tell me- who would benefit by such an outcome? It would essentially become the Teamsters last stand ala' Custer. Meanwhile, the drivers after being used to making $60-$70K or so with excellent benefits and retirement programs can slide on over to FDX ground and apply for a job as an independent contractor with no benefits or retirement. I hate to sound like the voice of reason but is there really any large contingent within the Teamster ranks that would welcome that outcome?

108.84+1.00(+0.93%)3:30 PMEDT