{"id":52292,"date":"2023-08-24T01:39:59","date_gmt":"2023-08-24T05:39:59","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/ups-workers-approve-new-labor-deal-ending-strike-risk\/"},"modified":"2023-08-24T01:40:03","modified_gmt":"2023-08-24T05:40:03","slug":"ups-workers-approve-new-labor-deal-ending-strike-risk","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52292","title":{"rendered":"UPS workers approve new labor deal, ending strike risk"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Investing.com — Teamsters union said Tuesday hundreds of\u00a0thousands of its members at United Parcel <\/span><\/span> Service Inc have approved the recent labor five-year deal that included the biggest wage hike in decades, taking the threat of a strike off the table.\u00a0 \u00a0 \u00a0<\/p>\n

About 86% of voting members approved the labor deal,\u00a0International Brotherhood of Teamsters. The ratification of the deal averts a potential strike that could have cost the delivery package billions, and wreaked havoc on the economy.\u00a0<\/p>\n

Under the deal, full- and part-time UPS Teamsters would receive a raise of $2.75 per hour in 2023, and $7.50 over the length of the contract. The agreement also removed the\u00a0two-tier wage system for drivers, a key sticking point for union members, that paid new hires less than more experienced drivers.\u00a0<\/p>\n

The union also scored\u00a0additional paid holiday and safety and health protections, including air conditioning in vehicles and cargo ventilation.<\/p>\n

Following the ratification,\u00a0Teamsters General Secretary-Treasurer Fred Zuckerman said they would\u00a0“continue to fight like hell to enforce this contract and make sure UPS lives up to every word of it over the next five years.\u201d<\/p>\n

United Parcel Service Inc (NYSE:) was up 0.6% following the news.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — Teamsters union said Tuesday hundreds of\u00a0thousands of its members at United Parcel Service Inc have approved the recent labor five-year deal that included the biggest wage hike in decades, taking the threat of a strike off the table.\u00a0 \u00a0 \u00a0 About 86% of voting members approved the labor deal,\u00a0International Brotherhood of […]<\/p>\n","protected":false},"author":1,"featured_media":31709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-52292","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nUPS workers approve new labor deal, ending strike risk | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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