UPS drivers strike from midnight of July 31? Far-reaching implications for U.S economy; all you need to know
The Teamsters, the union representing the workers, has set multiple deadlines for UPS negotiators to present their «last, best, and final» offer to the unionized employees in recent days. Union officials have accused UPS of presenting an unacceptable offer, specifically related to the economic package. UPS, on the other hand, has countered that it was the Teamsters who abandoned negotiations despite offering a historic proposal that builds upon their industry-leading pay.
UPS workers «practice picket» at Teamsters Local 804, outside of a UPS facility on Thursday, July 6, 2023 in the Brooklyn borough of New York. (AP Photo/Brittainy Newman)Regardless of which side is to blame, the talks are at a standstill with the contract deadline rapidly approaching. Last month, UPS workers represented by the Teamsters voted to authorize a strike, and union chief Sean O'Brien recently stated that a strike was imminent. The Teamsters have emphasized that any potential agreement would need to be endorsed by its national committee before being disseminated and voted on by union members. The union has made it clear that they will not engage in negotiations beyond the expiration of the current contract.
MIAMI, FLORIDA — JUNE 30: A UPS driver makes a delivery on June 30, 2023 in Miami, Florida. Joe Raedle/Getty Images/AFP (Photo by JOE RAEDLE / GETTY IMAGES NORTH AMERICA / AFP) Significant implications for the U.S. economyThe potential strike holds significant implications for the U.S. economy, particularly for UPS and its competition with FedEx. Should a strike occur, UPS may struggle to recover the volume of packages it would lose to its rival. UPS handles approximately 20 million packages per day, while FedEx manages 12 million. The
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