UPS Strike Message Board

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Strategies & Market Trends : UPS Strike

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To: James Nephew who wrote (56)	8/21/1997 4:56:00 AM
From: Gerald Walls	of 62

Is this about that whole pension fund thing? Isn't how negligently the fund is managed an issue between the Union and their members? Let them worry about it. It would be if it were the employees putting the money in the pension, but it isn't. It's UPS that is depositing the required funds to guarantee the prescribed benefit level. The required funds are higher due to the poor Teamster management. Therefore it is a matter for UPS to worry about. But don't get me wrong, there ARE shareholders - there stock is simply not publicly traded. Only in the same way that a family-owned business has shareholders, or the way Netscape had shareholders before they IPOed. The stock cannot be owned by anyone except the management and employees of UPS. But before you ditch one employer for another, isn't it a nice courtesy to meet with your employer and see if they will match your offer? After all, can UPS afford to have 185,000 employees look elsewhere for work - or isn't the method chosen - collective bargaining - better for all parties involved? Or is it the fact that employees have joined together to work for their mutual interest that is so disturbing? "Match this offer or I'll leave." "Give me better wages or I'll shut your ass down." Not the same.

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