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.
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If treating your employees correctly causes you to lose money, then your profits weren't real and you were just playing Jenga with your company's assets to line your own pockets.
makes me wonder if this profit thing might be linked to exploiting workers?
The headline makes it sound like it was because of the Teamsters deal. Typical liberal ploy. The article summarily points out two factors for lower revenue. 1) Customers that went with competitors to mitigate risk in case of a strike and 2) lower volume of sales due to shift in consumer spending habits toward "travel, movies, eating out and live events"
And if you thought there was any reason to be nervous about anything, no. It's truly business as usual.
Despite the lower revenue and earnings guidance, the company said it expects to stick with its plan to pay $5.4 billion in dividends and repurchases of $3 billion in shares.
🙄
Literally the 2nd to last sentence of the article. Talk about burying the damn lede.
stealing surplus value from workers is [checks-notes] more difficult when the workers organize
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
