The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Business

UPS workers overwhelmingly approve new contract, ending strike threat

by August 23, 2023
August 23, 2023
UPS workers overwhelmingly approve new contract, ending strike threat

UPS workers ratified the Teamsters-negotiated labor deal reached nearly a month ago, allowing the next five-year contract covering 340,000 employees to take effect.

“This contract will improve the lives of hundreds of thousands of workers,” Teamsters President Sean O’Brien said in a statement Tuesday. “Teamsters have set a new standard and raised the bar for pay, benefits, and working conditions in the package delivery industry. This is the template for how workers should be paid and protected nationwide, and nonunion companies like Amazon better pay attention.”

The decision, which more than 86% of UPS union members who voted supported, officially removes the threat of a strike at UPS. Logistics experts had warned that a protracted work stoppage would have caused widespread disruptions across the U.S., halting many more deliveries than top rivals could have absorbed.

UPS confirmed the vote results, saying in a statement, “Our Teamsters-represented employees have voted to overwhelmingly ratify a new five-year National Master Agreement.”

The contract approval, following several weeks of voting, marks a labor movement victory that could add momentum to organizers in other major negotiations. The United Auto Workers union, for example, is pressing Detroit carmakers for substantial pay increases with just weeks left on the current contract, putting a potential strike on the table.

“It’s a very effective sales tool for the Teamsters and other unions organizing in the logistics industry and beyond,” said Seth Harris, a law and policy professor at Northeastern University who was President Joe Biden’s top labor policy adviser until last year.

“Truck drivers, warehouse workers and others are going to look at this contract and say: ‘I want my pay to go up. I want to be protected from heat hazards. I want to be treated fairly in the workplace.’ And this contract is a powerful indication that joining the union gets you those things,” Harris said.

The new agreement eliminates a widely criticized two-tiered wage system and institutes raises across UPS’ workforce.

Current full- and part-time union workers are guaranteed a $2.75 hourly pay increase this year, the Teamsters said, amounting to a $7.50 hourly increase through the duration of the contract. Pay for existing and starting part-time workers will be raised to at least $21 an hour immediately, advancing to $23 per hour.

Current part-timers also won longevity wage increases of up to $1.50 an hour. Wage increases for full-time drivers would bring their average top rate to $49 an hour, the union said.

UPS workers also secured hard-fought heat safety protections, including a plan to bring air conditioning to the company’s iconic brown delivery vehicles for the first time. The Teamsters have hailed the changes as a major breakthrough after years of complaints that working in hot weather has grown more dangerous as climate change fuels extended stretches of record high temperatures across the country.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
WATCH: Hawaii Democrat tries to get Biden to drink water in awkward moment
next post
PRINCIPAL TECHNOLOGIES FINAL REBRAND AND STRENGTHENS ADVISORY BOARD

You may also like

Even at $8M per Super Bowl commercial, ad...

U.S. unemployment rate ticks up to 4.3% amid...

United Airlines reaches ‘industry-leading’ labor deal with flight...

McDonald’s exec says average menu item costs 40%...

U.S. payrolls increased by 150,000 in October, less...

Here’s why banks don’t want the CFPB to...

Super Micro’s $50 billion stock collapse underscores risk...

Government workers dismayed by Trump’s return-to-office mandate

TGI Fridays to close 36 ‘underperforming’ locations across...

How a tiny town hit by Helene could...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Poland’s presidential election on a knife edge after heated election, exit polls...

    • Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

    • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

    • Senate Republicans eye changes to Trump’s megabill after House win

    • Trump shares post saying Biden was executed, replaced with clones

    Categories

    • Business (1,673)
    • Investing (5,000)
    • Politics (7,849)
    • World (6,365)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top