The deal includes wage increases for both full- and part-time workers.
UPS and the Teamsters union representing 340,000 workers at the package carrier on Tuesday said they reached a preliminary labor deal that includes raises for both full- and part-time workers and narrowly avoids a potential strike that could have started next week.
«Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers,» UPS CEO Carol Tome. «This agreement continues to reward UPS’s 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.