UPS and the Teamsters Union on Tuesday reached a conditional agreement that helps the company avoid a massive strike.
UPS and the Teamsters Union on Tuesday reached a conditional agreement that helps the company avoid a massive strike.
“This agreement continues to reward UPS’ full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive, serve our customers and keep our business strong,” UPS CEO Carol Tome said in the statement.
The deal includes a $2.75 wage increase per hour for full- and part-time employees this year and a boost next year of $7.50 per hour over the length of the new contract. The pact is for five years. Part-time workers, who are often paid much less than full-time employees, will immediately have their wages rise to at least $21 an hour.
