Good news for the economy.
Via the NYT: UPS Reaches Tentative Deal With Teamsters to Head Off Strike.
The company said it could not comment on the dollar value of the deal ahead of its second-quarter earnings call in early August.
The Teamsters said that under the tentative agreement, current full- and part-time UPS employees represented by the union would receive a $2.75-an-hour raise this year, and $7.50 an hour in raises over the course of the contract.
The minimum pay for part-timers will rise to $21 an hour — far above the current minimum starting pay of $16.
