The Teamsters workers’ union reached a preliminary agreement with the company UPS, thus avoiding a strike that could have resulted in million-dollar losses for the company and significant delays across the country.
The union, with over 340,000 members from the logistics giant, announced that they had secured a favorable contract for the workers, which includes an immediate increase of $2.50 per hour and an additional $7.50 over the course of 5 years.
Earlier this month, negotiations between the corporate and the union came to a halt due to a lack of cooperation between the two groups. This prompted the workers to prepare for a strike if UPS did not accept a new contract with them before July 31st.
UPS’s profits increased by nearly 140% during the pandemic, and union employees were dissatisfied with the previous contract between the union and the company.
Although the contract still needs to be approved by its members, the union president has expressed that this is a historic agreement and sets a new precedent in their labor movement.
More Stories
Tucson International Airport (TUS) launches Spanish-language campaign
Raytheon in Arizona wins $2 billion missile contract
Fake Oxycontin pills are widespread and potentially deadly
Primary Elections: Tuesday, July 30, 2024
Independence Day
The University of Arizona is one of 209 colleges and universities featured in The Princeton Review’s “Best Value Colleges”