Socialism

5058 readers

30 users here now

Rules TBD.

founded 5 years ago

MODERATORS

[email protected]

147

UPS says its profit will fall after it reaches a Teamsters deal (edition.cnn.com)

submitted 1 year ago by [email protected] to c/[email protected]

52 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 12 points 1 year ago (1 children)

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.

[–] [email protected] 3 points 1 year ago

Penny Smart Dollar dumb.