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UPS says new contract with Teamsters to increase cost at 3.3%
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(Reuters) — United Parcel Service (NYSE:UPS) said on Monday its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would increase cost at a 3.3% compound annual growth rate in wage and benefits over the life of the agreement.
The new contract expires on July 31, 2028, the Atlanta-based company said.
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