UPS Teamsters Endorse $30bn Contract

In a groundbreaking development for UPS Inc., Teamsters local unions, representing 340,000 full- and part-time UPS workers, have voted overwhelmingly in favor (161-1) to endorse a tentative five-year agreement with the company. The key figures of this landmark agreement include:

• The total contract value is a staggering $30 billion.

• The benefits include significant wage increases for the entire duration of the contract.

• The end of the contentious two-tier wage system.

• Air conditioning will be a standard feature in new vehicles.

• Martin Luther King Day becomes a paid holiday for the first time.

• Measures to avoid forced overtime on days off.

This proposed agreement will now be passed to the rank-and-file for ratification.

Source: FreightWaves