UPS and the Teamsters prepare for high-stakes talks with union contract set to expire
Publishing timestamp: 2023-02-03 12:00:01
Summary
United Parcel Service (UPS) CEO Carol Tom is confident that a "win-win-win" agreement will be reached before the end of July when the current national contract expires. The Teamsters union, which represents over 340,000 UPS workers, is pushing for higher wages, more manageable work shifts, improved safety conditions, and the elimination of the "22.4" employee classification. UPS is trying to cut costs and raise prices in order to stay profitable, while the Teamsters are pushing for their share of the company's profitability.
Sentiment: MIXED
Tickers: UPS,
Keywords: united parcel service inc, business news, transportation, business, carol tome,
Source: https://www.cnbc.com/2023/02/03/ups-teamsters-labor-fight-union-contract.html