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.

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

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