UPS Triples Profits in the Fourth Quarter

February 3, 2010: UPS raked in $757 million in profits in the Fourth Quarter—nearly tripling its profits over the same period last year. Overall, Brown made $2.15 billion in profits in 2009. That’s after taxes.

The company’s revenue is down from the Fourth Quarter last year—$12.4 billion compared to $12.7 billion. But profits are up because of “cost-cutting” according to press reports, including Teamster layoffs.

Brown is squeezing higher profits out of fewer employees.

“UPS has emerged from the worst recession in decades leaner and more focused,” said CEO Scott Davis.

Too bad UPS Teamsters can’t say the same about our union which has grown soft on enforcing our contract and protecting our job security. Production harassment, 22.3 full-time job elimination, 9.5 violations, and other contract violations are up. And so are UPS’s profits.

If you’d like to see stronger contract enforcement, click here to send the UPS Committee of TDU a message.

Press Reports:

UPS Profits Up As It Seeks to Reduce Staff

UPS Triples Net Profit in Fourth Quarter


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Remembering Dr. Martin Luther King Jr.

As the country honors the life and legacy of Dr. Martin Luther King Jr., we remember his often ignored contributions to the labor movement. Dr. King understood the ties between labor rights and civil rights. He gave his life while supporting striking sanitation workers in Memphis, Tennessee. He spoke firmly against right-to-work laws, saying that “in our glorious fight for civil rights, we must guard against being fooled by false slogans, such as ‘right to work.’ It is a law to rob us of our civil rights and job rights.”

First John Coli, Now Becky Strzechowski

Chicago Teamster power broker and former Hoffa administration VP Becky Strzechowski resigned from all her Teamster positions today. Can a federal indictment be far behind?

View More News Posts