Stock Market News

UPS, Teamsters Union contract talks in deadlock

2023.07.05 08:51


© Reuters. FILE PHOTO: The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau/File Photo

(Reuters) – Parcel delivery firm United Parcel Service Inc (NYSE:) and the Teamsters Union on Wednesday accused each other of walking away from the negotiations, delaying contract talks that covers roughly 340,000 U.S. drivers, package handlers and loaders at the company.

Here is a timeline of key events leading up to the impasse in negotiations:

Date Event

April 17, United Parcel Service and the International

2023 Brotherhood of Teamsters Union began labor

contract talks covering roughly 340,000 U.S.

drivers, package handlers and loaders at the

global delivery firm.

June 5, The Teamsters Union said it will begin in-person

2023 voting for strike authorization if UPS refuses to

negotiate a fair agreement before the contract

expires on July 31.

June 22, The Teamsters Union said union employees voted

2023 overwhelmingly to authorize a strike should

contract talks break down after the current

agreement ends at midnight on July 31.

June 28, The union demanded that UPS make its “last, best,

2023 and final offer no later than June 30.

June 30, UPS delivered a revised offer with “significant

2023 movement on wages and other economic language.

The union said UPS has requested more time to

negotiate and pledged to reach a deal no later

than July 5.

July 3, The US Teamsters Union asked the global delivery

2023 firm to reach a contract deal by Wednesday (July

5).

July 5, The Teamsters Union said UPS made an offer that

2023 was unanimously rejected and that the company had

“walked away from the bargaining table.” UPS

denied the claim.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,469.38 2.41%
ethereum
Ethereum (ETH) $ 2,743.22 0.84%
xrp
XRP (XRP) $ 2.71 1.64%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 656.24 0.56%
solana
Solana (SOL) $ 174.58 2.50%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.253746 0.51%
cardano
Cardano (ADA) $ 0.808076 6.14%
staked-ether
Lido Staked Ether (STETH) $ 2,740.92 1.15%
tron
TRON (TRX) $ 0.245485 0.71%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,171.30 2.57%
chainlink
Chainlink (LINK) $ 18.27 1.98%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,272.84 1.27%
stellar
Stellar (XLM) $ 0.346683 3.81%
sui
Sui (SUI) $ 3.44 8.05%
avalanche-2
Avalanche (AVAX) $ 25.15 6.02%
litecoin
Litecoin (LTC) $ 128.72 4.78%
hedera-hashgraph
Hedera (HBAR) $ 0.220313 2.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 1.15%
the-open-network
Toncoin (TON) $ 3.61 1.76%
leo-token
LEO Token (LEO) $ 9.74 0.68%
usds
USDS (USDS) $ 1.00 0.19%
hyperliquid
Hyperliquid (HYPE) $ 24.58 3.36%
weth
WETH (WETH) $ 2,741.10 0.91%
polkadot
Polkadot (DOT) $ 5.03 3.35%
mantra-dao
MANTRA (OM) $ 7.50 0.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 324.21 0.79%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
uniswap
Uniswap (UNI) $ 9.35 2.44%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,906.21 0.85%
bitget-token
Bitget Token (BGB) $ 4.53 6.67%
monero
Monero (XMR) $ 230.25 3.80%
near
NEAR Protocol (NEAR) $ 3.40 8.16%
pepe
Pepe (PEPE) $ 0.00001 2.43%
whitebit
WhiteBIT Coin (WBT) $ 27.45 0.92%
aave
Aave (AAVE) $ 260.59 3.13%
ondo-finance
Ondo (ONDO) $ 1.24 2.26%
bittensor
Bittensor (TAO) $ 455.15 9.48%
aptos
Aptos (APT) $ 6.33 1.92%
dai
Dai (DAI) $ 1.00 0.03%
mantle
Mantle (MNT) $ 1.03 0.02%
internet-computer
Internet Computer (ICP) $ 7.10 3.19%
official-trump
Official Trump (TRUMP) $ 16.84 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 20.87 0.91%
susds
sUSDS (SUSDS) $ 1.04 0.24%
okb
OKB (OKB) $ 49.58 0.07%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.00 5.04%
gatechain-token
Gate (GT) $ 22.86 1.20%
sonic-3
Sonic (prev. FTM) (S) $ 0.866753 19.17%