Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

UPS workers overwhelmingly approve new contract, ending strike threat

by August 23, 2023
August 23, 2023
UPS workers overwhelmingly approve new contract, ending strike threat

UPS workers ratified the Teamsters-negotiated labor deal reached nearly a month ago, allowing the next five-year contract covering 340,000 employees to take effect.

“This contract will improve the lives of hundreds of thousands of workers,” Teamsters President Sean O’Brien said in a statement Tuesday. “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.”

The decision, which more than 86% of UPS union members who voted supported, officially removes the threat of a strike at UPS. Logistics experts had warned that a protracted work stoppage would have caused widespread disruptions across the U.S., halting many more deliveries than top rivals could have absorbed.

UPS confirmed the vote results, saying in a statement, “Our Teamsters-represented employees have voted to overwhelmingly ratify a new five-year National Master Agreement.”

The contract approval, following several weeks of voting, marks a labor movement victory that could add momentum to organizers in other major negotiations. The United Auto Workers union, for example, is pressing Detroit carmakers for substantial pay increases with just weeks left on the current contract, putting a potential strike on the table.

“It’s a very effective sales tool for the Teamsters and other unions organizing in the logistics industry and beyond,” said Seth Harris, a law and policy professor at Northeastern University who was President Joe Biden’s top labor policy adviser until last year.

“Truck drivers, warehouse workers and others are going to look at this contract and say: ‘I want my pay to go up. I want to be protected from heat hazards. I want to be treated fairly in the workplace.’ And this contract is a powerful indication that joining the union gets you those things,” Harris said.

The new agreement eliminates a widely criticized two-tiered wage system and institutes raises across UPS’ workforce.

Current full- and part-time union workers are guaranteed a $2.75 hourly pay increase this year, the Teamsters said, amounting to a $7.50 hourly increase through the duration of the contract. Pay for existing and starting part-time workers will be raised to at least $21 an hour immediately, advancing to $23 per hour.

Current part-timers also won longevity wage increases of up to $1.50 an hour. Wage increases for full-time drivers would bring their average top rate to $49 an hour, the union said.

UPS workers also secured hard-fought heat safety protections, including a plan to bring air conditioning to the company’s iconic brown delivery vehicles for the first time. The Teamsters have hailed the changes as a major breakthrough after years of complaints that working in hot weather has grown more dangerous as climate change fuels extended stretches of record high temperatures across the country.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
The US Dollar and Long Bonds Doing the Dosey Doe
next post
S&P downgrades multiple U.S. banks on growing liquidity worries

Related Posts

UAW strike begins at Mercedes-Benz supplier in Alabama...

September 24, 2023

The U.S. added 216,000 jobs in December, much...

January 7, 2024

American Airlines fined $4.1M for dozens of long...

August 29, 2023

Jeep expects to grow plug-in hybrid SUV sales...

June 4, 2024

Walmart says it’s ‘not going to be completely...

February 21, 2025

Prosecutors in Sam Bankman-Fried trial compare defense argument...

October 24, 2023

‘Kill us or send us home’: Amazon workers...

October 10, 2023

Amazon will start putting ads in Prime Video...

September 24, 2023

U.S. payrolls climbed by 209,000 in June, less...

July 11, 2023

SEC charges ‘Cash Flow King’ podcaster in $11...

September 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Emerging Stocks to Watch – Breakouts, Momentum & Upgrades!

    • S&P 500, Bitcoin & XLK: What the Charts Are Saying Now

    • Metals Focus: PGMs Deficits Deepen as Supply Tightens and Demand Realigns

    • 5 Small-cap Biotech ETFs to Watch

    • Canaccord Global Mining Conference Presentation

    • Anteros Identifies High-Grade Copper-Gold Targets at the Strickland VMS Property, Newfoundland

    Categories

    • Business (1,204)
    • Investing (2,459)
    • Politics (3,699)
    • Stocks (1,587)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved