UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike

FILE - United Parcel Service driver Hudson de Almeida steers through a neighborhood while delivering packages, Friday, June 30, 2023, in Haverhill, Mass. UPS has reached a contract agreement with its 340,000-person strong union Tuesday, July 25, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike.

“Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers,” Carol Tomé, UPS CEO, said in a written statement.Industry groups, the U.S. Chamber of Commerce, labor leaders and the White House applauded the deal. The 24 million packages UPS ships daily amounts to about a quarter of all U.S. parcel volume, according to the global shipping and logistics firm Pitney Bowes. According to UPS, that’s equivalent to about 6% of the nation’s gross domestic product.

In recent weeks, large and small businesses worked to create contingency plans in the event of a strike.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Man, 32, shot in Chicago's Humboldt Park neighborhoodThough police could not confirm he was a UPS driver, UPS spokesperson Karen A. Tomaszewski Hill said in a written statement UPS was aware of a situation involving a driver Tuesday morning.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »

Teamsters reach 'historic' deal with UPS: 'Tremendous victory for labor,' union president saysInternational Brotherhood of Teamsters President Sean O’Brien discussed the 'historic' labor agreement and what employees can expect from the deal made with UPS
Source: FoxBusiness - 🏆 458. / 53 Read more »

UPS and Teamsters Union reach tentative labor dealUPS has reached a tentative five-year labor deal with the Teamsters Union that represents about 340,000 U.S. workers at the parcel delivery firm, the company said, sending its shares up 2.3% on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »

UPS and Teamsters union reach agreement, avert strikeBREAKING: UPS and the Teamsters have reached a tentative collective bargaining agreement, avoiding a strike.
Source: ABC - 🏆 471. / 51 Read more »

UPS, Teamsters union reach tentative deal, averting strikeUPS has reached a contract agreement with its 340,000-person strong union, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike.
Source: SpectrumNews1TX - 🏆 333. / 59 Read more »