UPS And International Brotherhood Of Teamsters Reach Handshake Agreement For New National Master Agreement

Months of collective bargaining have culminated in a tentative agreement for UPS (NYSE: UPS) and the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers Teamsters-represented UPS employees in small package roles.

UPS’s goal has been to reward the company’s employees for their contributions to its success while enabling the business to remain flexible to meet its customers’ needs – each of these goals have been met in the new agreement. UPS is well-positioned to grow and meet the needs of its customers.

Negotiations continue on a number of supplemental agreements that cover local work rules as well as the separate agreement that covers about 11,000 Teamsters-represented employees in the UPS Freight® network.

The new agreements will go into effect August 1, 2018, once they are ratified by employees.
https://www.pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1529668080270-119

Related Posts

AAA Daily Fuel Gauge Report for Friday, 7/9/21

National Average Price for Regular Unleaded Current: $3.143; Month Ago: $3.067; Year Ago: $2.189. National Average Price for Diesel Current: $3.260; Month Ago: $3.202; Year Ago: $2.439.

Key Currency Exchange Rates for Friday, 10/01/21

American Dollar to Canadian Dollar = 0.789313; American Dollar to Chinese Yuan = 0.155103; American Dollar to Euro = 1.159787; American Dollar to Japanese Yen = 0.008991; American Dollar to Mexican Peso = 0.048585.

U.S. oil prices settle at highest since 2014 as crude supplies notch biggest weekly drop of the year

The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 9.9 million barrels for the week ended June 22—the largest weekly decline so far this year. Analysts surveyed by S&P Global Platts had forecast a fall of 2.3 million barrels, while the American Petroleum Institute on Tuesday reported a drop of 9.2 million barrels. “Record crude exports and record refinery runs have combined to yield the biggest draw to crude stocks so far this year,” said Matt Smith, director of commodity research at ClipperData. “Even crude production holding at a record level has been unable to offset strong domestic and international demand.” The EIA pegged last week’s total domestic crude output at 10.9 million barrels a day, unchanged from the previous week. Click Read More below for additional information.
Back To Top
×Close search
Search