Socialism

6046 readers

71 users here now

Rules TBD.

founded 6 years ago

MODERATORS

dessalines@lemmy.ml

148

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

submitted 2 years ago by fuckReddit@infosec.pub to c/socialism@lemmy.ml

55 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

[–] StrayCatFrump@slrpnk.net 5 points 2 years ago

I mean, even without revenue decreasing, profits are going to "decrease" because money that will go to increased pay and benefits to workers would otherwise go to greater profits. So even leaving out the fearmongering about lost revenue, the title and significant parts of the article (about profits and margins) is taking the liberal path of calling it a bad thing due to sympathy with capitalists instead of workers.

So yeah: how about a fuck you UPS, and a fuck you CNN. Nothing new, but always bears repeating.