Big pay raises last August, big layoffs in January. There’s only so much money to go around. From Tyler Durden at zerohedge.com:
How it started: The most pro-union president in history, President Biden, applauded Teamsters and logistics company United Parcel Service last summer for agreeing on a new labor contract that would significantly boost pay.
How it’s going:
Five months after unionized UPS workers ratified a massive five-year labor deal that included massive pay bumps (read: here), the logistics company announced on Tuesday morning that 12,000 jobs, or about 14% of its 85,000 management jobs, would be cut.
Chief Executive Officer Carol Tomé was quoted on an earnings call by Bloomberg as saying job reductions were due to sliding package demand and soaring union labor costs. She said the layoffs would save the company about $1 billion this year.
Will they have diverse equitable pilots on the cargo planes with replacements hidden onboard?
Union=CPUSA/CCP.
This just in from Peter Franks:
Let the Skyfall, when it crumbles we will stand tall and face it all.
Face Everything And Rise (FEAR)
False Evidence Appears Real (” “)