Teamsters union votes to ratify UPS contract
foxbusiness.comCheck out whats clicking on FoxBusiness.com
Members of the Teamsters union voted to ratify a new five-year collective bargaining agreement with shipping giant UPS on Tuesday, avoiding a potential strike that loomed over the U.S. economy as the two sides negotiated in recent months.
The five-year contract covers roughly 340,000 UPS Teamsters members across the U.S. and includes higher wages for full- and part-time workers, more full-time roles, and workplace protections such as air conditioning in delivery vehicles. The Teamsters union said that 86.3% of members voted in favor of ratification, which the union noted was «the highest vote for a contract in the history of the Teamsters at UPS.»
«Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS,» said Teamsters General President Sean O'Brien. «Teamsters have set a new standard and raised the bar for pay, benefits, and working conditions in the package delivery industry. This is the template for how workers should be paid and protected nationwide, and nonunion companies like Amazon better pay attention.»
Teamsters members working for UPS voted to ratify the new five-year collective bargaining agreement with the shipping giant. ((Photo by Robert Nickelsberg/Getty Images) / Getty Images)
UPS-TEAMSTERS DEAL THREATENS TO KEEP INFLATION ELEVATED
UPS said in a statement that, «Our Teamsters-represented employees have voted to overwhelmingly ratify a new five-year National Master Agreement that covers more than 300,000 full- and part-time UPS employees in the U.S.»
UPS and the Teamsters announced a tentative agreement in July pending ratification of the proposal – a move that put off the threat of a strike that could've begun on
Read more on foxbusiness.com
