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  1. #1
    I Am Rocking Now

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    Default UPS among top job slashers in 2009



    May 14, 2010

    UPS among top job slashers in 2009

    Fortune.com lists 15 companies in the Fortune 500 that slashed the most jobs during the recession,

    The Fortune.com list of biggest job cutters in 2009, in order, are Citigroup, 57,700 jobs; Time Warner, 56,000; Starbucks, 34,000; Alcoa, 28,000; General Motors, 26,000; Berkshire Hathaway, 24,083; American International Group, 20,000; AT&T, 19,940; Caterpillar, 19,074; General Electric, 19,000; YRC Worldwide, 19,000; United Parcel Service, 18,000; Hewlett-Packard, 17,000; United Technologies, 16,400; and Sprint Nextel, 16,202.

    continued

  2. #2
    On A Mission

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    Default Re: UPS among top job slashers in 2009

    Quote Originally Posted by NikDiesel View Post


    May 14, 2010

    UPS among top job slashers in 2009

    Fortune.com lists 15 companies in the Fortune 500 that slashed the most jobs during the recession,

    The Fortune.com list of biggest job cutters in 2009, in order, are Citigroup, 57,700 jobs; Time Warner, 56,000; Starbucks, 34,000; Alcoa, 28,000; General Motors, 26,000; Berkshire Hathaway, 24,083; American International Group, 20,000; AT&T, 19,940; Caterpillar, 19,074; General Electric, 19,000; YRC Worldwide, 19,000; United Parcel Service, 18,000; Hewlett-Packard, 17,000; United Technologies, 16,400; and Sprint Nextel, 16,202.

    continued
    YRC cut 19,000. Out of 40,000?....that many? I'd like to know how many guys are actually working.

  3. #3
    Time To Start A Fire

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    Default Re: UPS among top job slashers in 2009

    Do you ever wonder how companies add jobs and then a year, 5 years or even longer they cut that same job? I do. In the trucking business, a company gets a new account, a new lane, whatever you wish to call it. In most cases they exhaust their fleet, their drivers & their management before they hire unless this new account requires specialized equipment, training or experience. (UPS FREIGHT had to hire off the street to begin the Toledo triples run even though South Holland had qualified triples drivers)

    Manufacturing companies will set up new lines or even new plants if the product warrants the expenditure. The cost benefit factor has to be in the positive column for several financial cycles for this to happen. In this marketing or the public acceptance of the product or service is key here. Chrysler did this several years ago with its' Belvidere, IL plant. They realized that the public was getting tired of the Neon so they spent several hundred million dollars to retool the plant to make Dodge Calibers and Jeep Compasses there. Thinking that the public also would continue to want large pickups and mini-vans, they also remodeled the Fenton,MO(St. Louis North and South Plants)
    But then the cost of gas spiked, the public turned away from these vehicles, the recession kicked in and what happened. there is 5M sq.ft plant on 295 acres for sale.
    All the outside suppliers that built DC's near this plant are gone and Cassens carhaul lot is full of idled carhaul units!

    Now sometimes attrition can take care of some job cuts. Early retirements, deaths, etc.
    Many of those job cuts listed in this article were dependent on the companys' operating plan were rank & file or management. If its' a transportation company(YRC) it was rank & file and management. Alcoa probably mostly rank & file. Starbucks--mostly serving staff(do we really need a Starbucks on every corner?)

    My sister is in upper management of Nike Worldwide out of Beaverton,OR. They had 500 positions eliminated in 2009 mostly at her campus. Although she got a promotion out of the deal, she has to spend more time working than she did before. She travels the globe for Nike part of the time.(no I don't get free shoes or to meet Tiger Woods!)
    She had to make some of the job cuts and I can tell you, it pained her to do so but in the end it was done. Being in a non-union environment making job cuts mainly is on the amount of work produced or the quality of the work. Sometimes it is based on how a certain product is selling. There are so many variables involved that it is mind boggling to us looking in from the outside.

    I think what we all need to take from this is in today's world, no job is safe. Work when you can, save for the future. You may not know when your position is done until the day they tell you. Adios!

  4. #4
    Proud To Be a Teamster

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    Default Re: UPS among top job slashers in 2009

    I would like to see how many of those jobs were that of bargining unit employees for UPS. Most of it was probably over paid management!

 

 

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