UPS worker gets $15,000 bonus, benefits package for raising family
UPS is giving its employees a $15K bonus and an increase in their annual severance package.
The $15 million bonus was announced Monday by UPS President and CEO Jim McInerney.
According to the company, employees will receive $15.5 million in cash and stock awards.
They will also receive up to a $4,000 performance bonus and will be eligible for up to $8,000 in stock and other benefits.
The company also announced a $1.5 billion performance bonus plan for executives, a $500,000 annual severing package and a $3 million performance bonus for the company’s lowest-level supervisors.
In addition, the company announced an additional $7 million to help employees who earn less than $80,000 a year.
Paid sick leave is a key priority for the UPS team, which employs nearly 5,000 people, according to the announcement.
This plan helps ensure that all employees have access to paid sick leave, and ensures that employees who have been injured are given the opportunity to recover quickly and affordably,” McInnerney said.
“Employees will receive a bonus for every overtime hour worked, based on a calculation of their hours worked in the last 30 days.” “
The new plan, which goes into effect March 1, 2019, will include the opportunity for employees to earn overtime pay for up a total of $1,500 a week over the next two years,” the company said.
“Employees will receive a bonus for every overtime hour worked, based on a calculation of their hours worked in the last 30 days.”
The plan is also expected to provide workers with a $5,000 “performance bonus” for every week they work more than 40 hours in a month.
Workers will also get a $2,000 lump sum of money to cover their annual health insurance costs for up as long as they work 40 hours or more in a year, according.
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