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UPS, Teamsters reach tentative labor deal avoiding strike

Deal includes $30B in new money from UPS

Bloomberg NewsbyBloomberg News
July 25, 2023
in Express
Reading Time: 3 mins read
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United Parcel Service Inc. reached a tentative agreement to renew a five-year labor contract with the Teamsters ahead of the July 31 deadline, giving relief to stressed shippers and removing a share-price overhang for investors concerned about a costly strike. The agreement, which has to be ratified by the about 340,000 teamsters that it covers, […]

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Tags: ACNPremiumstrikesTeamstersUPS
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