A Looming Crisis Emerges for UPS Pre-Holiday - Motley Fool
While voting among its labor-union members on its national master contract and supplemental local and regional contracts earlier this year saw the national contract passed, this agreement cannot go into effect until all regional and local contracts are approved. And with 17 local and regional supplements rejected -- which DC Velocity reported to be the largest number of contracts ever rejected by the Teamsters in the 110-year history of the organization -- this could spell major continuing trouble for UPS.
[video=youtube;giDtjQ9pK38]http://www.youtube.com/watch?v=giDtjQ9pK38[/video]
While voting among its labor-union members on its national master contract and supplemental local and regional contracts earlier this year saw the national contract passed, this agreement cannot go into effect until all regional and local contracts are approved. And with 17 local and regional supplements rejected -- which DC Velocity reported to be the largest number of contracts ever rejected by the Teamsters in the 110-year history of the organization -- this could spell major continuing trouble for UPS.
[video=youtube;giDtjQ9pK38]http://www.youtube.com/watch?v=giDtjQ9pK38[/video]