Trucking

UPS Teamsters Endorse $30bn Contract

UPS Teamsters vote overwhelmingly in favor of a tentative five-year, $30 billion agreement, promising significant wage hikes and benefits.

Adriana Pulley Aug 1, 2023

UPS Teamsters Endorse $30bn Contract — Image Source: Teamsters/Twitter

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

"The entire UPS Teamsters National Negotiating Committee stands behind this historic contract and our UPS local unions have resoundingly voted to endorse it," said Teamsters General President Sean M. O’Brien @TeamsterSOB pic.twitter.com/0loFyYUURA
— Teamsters (@Teamsters) July 31, 2023

Published in: Trucking

Author

Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.

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