UPS has successfully negotiated a contract agreement with its powerful union, consisting of 340,000 workers. This achievement has averted a potential strike that could have disrupted logistics operations nationwide for both businesses and households.
The Teamsters union has described the tentative agreement as “historic” and “overwhelmingly lucrative.” Notable benefits included in the agreement are increased wages and the introduction of air conditioning in delivery trucks.
In a prepared statement, Carol Tomé, the CEO of UPS, expressed satisfaction with the outcome, stating, “Together, we have reached a win-win-win agreement on critical matters that are important to Teamsters leadership, our employees, and UPS’s customers. This agreement maintains our commitment to providing industry-leading pay and benefits to our full- and part-time employees, while also maintaining the flexibility required to remain competitive and serve our customers effectively.”
According to the company, the five-year agreement specifically applies to Teamsters-represented employees in small-package roles within the United States. However, the agreement still needs to undergo voting and ratification by union members.
Teamsters members expressed their frustration over a contract that they claim was imposed upon them by the previous union leadership five years ago. Disputes over pay intensified as UPS reported increased profits in recent years.
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