UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.
The headline makes it sound like it was because of the Teamsters deal. Typical liberal ploy. The article summarily points out two factors for lower revenue. 1) Customers that went with competitors to mitigate risk in case of a strike and 2) lower volume of sales due to shift in consumer spending habits toward “travel, movies, eating out and live events”
And if you thought there was any reason to be nervous about anything, no. It’s truly business as usual.
Despite the lower revenue and earnings guidance, the company said it expects to stick with its plan to pay $5.4 billion in dividends and repurchases of $3 billion in shares.
🙄
I mean, even without revenue decreasing, profits are going to “decrease” because money that will go to increased pay and benefits to workers would otherwise go to greater profits. So even leaving out the fearmongering about lost revenue, the title and significant parts of the article (about profits and margins) is taking the liberal path of calling it a bad thing due to sympathy with capitalists instead of workers.
So yeah: how about a fuck you UPS, and a fuck you CNN. Nothing new, but always bears repeating.
What makes it a liberal ploy exactly? Like I agree with everything you said, but I’m not sure what context the word “liberal” in your sentence means or is referring to.
Liberal in this context refers to economic liberalism. Ostensibly for free market competition, (but in practice just a political deference to capitalists in opposition to labor or other social goods) it is the ideological backbone of capitalism.
In the US, while “liberal” is colloquially used to describe the Democratic Party for its relative social progressivism, both major political parties follow economic liberalism to justify their policies which favor the rich.
A liberal will side with capital over labor. Therefore, in this context, a liberal will use language that frames the shift in surplus value from corporate profits to labor as a total loss to the economy rather than just to the company.
They scammed me out of 60 euros on a 150 euro order (calculating shipping into final cost to calculate customs, something that should be illegal) I hope they go into destitution.
Or even better, the CEO should be (redacted) and the company should be expropriated by the workers
It might vary by country, but in Germany this is how it works, customs fees are paid on the whole value including shipping costs. They are merely forwarding the money paid to customs, so they definitely weren’t scamming you.
Yes.
With this sort of insight, it’s obvious that management doesn’t deserve the money it earns.
What they are not saying is that in the long term UPS profits will rise. Their workers will be secure in their jobs. They will be excited about helping UPS succeed. They will innovate. Shareholders should be celebrating, but they are just as dim as UPS management and only understand success as making more money every quarter even if that means ruining labor and hollowing out the company.
If you’re company isn’t profitable enough that it has to underpay its workers to profit then your company should fail. UPS is huge. Theres no way they cant afford it.
Pay your workers a decent wage you philistine.
How much do you think they’re paying them? I worked for UPS like 10 years ago and even then they were paying very high wages. “Decent” wage is a subjective term. These unions will keep coming after the company year after year to increase wages until they drive them out of business, which isn’t good for anyone.
I heard with the new deal they will be paid $170k including benefits. That’s a lot of money.
Ah yeah because anyone in favor of sensible resolutions is a “bootlicker”. What a great conversation. Goodbye.
Mechanics make very good money with ups because of the union. This specific negotiation was for part time workers and drivers, negotiating higher base pay for all part timers and drivers, AC in drivers trucks, and better benefits.
The contract for mechanics and pilots will largely remain the same because again, these are some of the more lucrative jobs at ups.
The union ceases to exist without the companies that have unionized. What you are saying is antithetical to the idea and nature of a union.
The CEO of ups made $19 million last year. I think they can afford to pay her less and their actual workers more.
What you are saying is antithetical to the idea and nature of a union.
Yes that’s correct.
The CEO of ups made $19 million last year.
That’s because THEY’RE THE CEO. Skilled workers make more money than unskilled workers because they provide more value. That’s not wrong.
