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UPS, Teamsters reach labor deal to avoid strike - TL;DR CNBC

UPS, Teamsters reach labor deal to avoid strike

Publishing timestamp: 2023-07-25 15:54:53


Summary

UPS and Teamsters reached a tentative labor deal that includes raises for both full- and part-time workers, avoiding a potential strike. The agreement is worth $30 billion and still needs to be ratified by workers. Voting runs from Aug. 3 to Aug. 22.


Sentiment: POSITIVE

Tickers: FDXUPS

Keywords: economybusiness newslabor economypersonnelsean o'brienfedex corpairlinesunited parcel service incmarketsbreaking news: marketsbreaking news: economybreaking news: businessretail industrycarol tome

Source: https://www.cnbc.com/2023/07/25/ups-teamsters-reach-contract-to-avoid-strike-union-says.html


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