UPS, Teamsters Attain Handshake Deal on New Contract

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Teamsters negotiators mentioned they’ve tentatively agreed to a brand new five-year contract with United Parcel Service Inc., a deal that guarantees to boost wages for current staff however creates a brand new class of lower-paid drivers to deal with weekend deliveries.

The settlement, which should be finalized after which ratified by a membership vote, follows months of talks to succeed in a deal earlier than the present settlement expires on July 31. The 2 sides are negotiating one of many largest collective bargaining agreements within the U.S., overlaying about…



Supply hyperlink – https://www.wsj.com/articles/ups-teamsters-reach-handshake-deal-on-new-contract-1529638093?mod=pls_whats_news_us_business_f

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