New Employment Opportunities

New employement opportunities

Many corporations have recently reported bottom-line earnings that are higher than expectations. For some of these firms, it isn’t additional revenue driving higher numbers. In fact, the opposite is true. Sales have slipped from the same quarter in the previous year. When net earnings are up at the same times sales are shrinking, that means only one thing – the company has reduced costs to boost the bottom line. With a recent successful negotiation between one shipping company and its employees’ union, boosting employee morale could go hand in hand with increased sales.

In a recent tentative agreement between UPS and the Teamsters Union, the number of full-time jobs at the company will increase by more than 23,000 across the country. The wage scale will also increase, boosting employee top potential earnings by $8.90 per hour spread out over the life of the five-year contract. Other employment impacts include increasing part-time employee wages by $1.50 per hour and controlling excessive overtime for full-time employees.  UPS expects the new employment changes will help support its expanding healthcare logistics business and global e-commerce growth.

Union members are expected to vote on the new contract in June. If approved, the proposed changes will take effect August 1.

What do you think of the tentative contract agreement?

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5 Comments

  1. Anonymous

     /  June 1, 2013

    How come the PO doesn’t reduce costs?

  2. Grannybunny

     /  June 3, 2013

    USPS has reduced costs to the point that there’s almost nothing left to cut; but — under our current legal framework — we cannot cut our way to profitability.

  3. Jonn

     /  June 3, 2013

    There’s only so much USPS can cut before it stops delivering great service. Expanding the types of services offered is a good way to keep the business thriving. Special interest groups pay congress to keep USPS out of their back yard though so I’m not sure there’s anywhere to go unless big blue can create an entirely new type of product that doesn’t step on the toes of another company.

  4. Anonymous

     /  June 3, 2013

    They should agree….I’ll be applying at UPS. After 28 yrs svc I’m one of the employees getting reamed by USPS…There are still companies out there that offer fair wages and benefits.

  5. Jonn

     /  June 3, 2013

    I’m not sure what the retirement is like for UPS folks, but I know 401ks are replacing company sponsored retirement plans for more businesses every year. I’d rather stick with a place that has a decent retirement plan that doesn’t rely on a shaky stock market for a good return. I’m not sure what people are going to do in the future without a good retirement plan. The road ahead is looking pretty scary.

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