UPS offers Teamsters 'significant' pay boost as union's strike threat looms

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Negotiations between logistics giant UPS and the Teamsters union continue to run down to the wire as the company offered an enhanced pay package that the union said is an improvement but still not enough.

The Teamsters said Friday that there has been «significant movement on wages and other economic language» after it demanded UPS provide its «last, best, and final offer» by the end of June while threatening a strike if a deal isn’t reached before the current contract expires at the end of July.

«We’ve gotten some changes that will better our members’ lives, but more importantly, take care of their families,» Teamsters General President Sean O’Brien said at a press event Saturday, «But we’re not there yet, and we’re not there yet because UPS, typically like UPS thinks, that the Teamsters union are going to concede to their demands. I’m proud to say every change that has been made right now has zero concessions and all gains for our members, and we plan to continue that all the way through July 5.»

TEAMSTERS GIVE UPS ULTIMATUM, DEMANDING BEST CONTRACT OFFER BY FRIDAY OR RISK ‘IMMINENT’ STRIKE

UPS and the Teamsters are hoping to wrap negotiations by July 5 to allow for the new collective bargaining agreement to be ratified by July 31. (  / iStock)

O’Brien said the Teamsters and UPS will need to reach an agreement by July 5 to put the proposed contract forward for its members to ratify ahead of the current contract’s expiration at the end of July.

The UPS Teamsters in mid-June voted to authorize a strike with 97% of members in favor. Authorization votes don’t necessarily mean that a strike is going to happen and