UPS workers approve massive new labor deal with big raises
Publishing timestamp: 2023-08-22 20:27:10
Summary
UPS workers ratified a new five-year labor deal with big wage increases and improvements to work rules and schedules. The deal passed with 86.3% of votes, setting a new standard for pay and benefits in the package delivery industry. Other major U.S. companies like American Airlines and United Airlines have also reached agreements with their unions for better compensation and work rules.
Sentiment: POSITIVE
Tickers: FDX, DAL, AAL, LUV, UAL, UPS,
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Source: https://www.cnbc.com/2023/08/22/ups-workers-approve-new-labor-contract.html