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.

12 points

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.

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3 points

Penny Smart Dollar dumb.

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3 points

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

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3 points

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.

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2 points

I know but I feel it should be illegal, there are many things that cost up to 100€ to transport, plus I feel like they slapped some fees on top, because (after paying vat) I dont think customs is almost 70€ on a 150€ product, half of the price basically

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17 points

Boo friggen hoo

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14 points

That’s the idea, yeah.

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36 points

And?

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18 points

And stocks fall so people get big mad. Crazy how speculative markets basically rule policy and public opinion.

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