UPS and Teamsters Union reach tentative labor deal
2023.07.25 12:24
© Reuters. FILE PHOTO: UPS workers, who are members of the Teamsters Union, take part in a ‘practice picket line’ ahead of an upcoming possible strike, outside of a UPS Distribution Center in Brooklyn, New York, U.S., July 14, 2023. REUTERS/Brendan McDermid/File Pho
(Reuters) – The Teamsters Union, representing about 340,000 U.S. workers at UPS, said on Tuesday it has reached a tentative five-year deal with the parcel delivery firm.
“This agreement continues to reward UPS’s full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive”, UPS CEO Carol Tomé said in a statement.
Shares of the world’s largest parcel delivery firm were up 2.3% in afternoon trading.
(This story has been refiled to correct syntax in the headline)
