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UPS, Teamsters Agree on New Five-Year Contracts
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<blockquote data-quote="cheryl" data-source="post: 1126770" data-attributes="member: 1"><p><em>New Accords Cover Small Package and Freight Groups</em></p><p></p><p>UPS (NYSE: UPS) today announced that it has reached a tentative agreement with the International Brotherhood of Teamsters (Teamsters) on two, new five-year contracts in the small package and freight business units. The tentative contracts, which must be presented to the UPS Teamster-represented employees for ratification, were concluded well in advance of the July 31, 2013, expiration of the current contracts.</p><p></p><p>"These agreements are a 'win-win-win' for our people, customers and shareholders," said Scott Davis, UPS chairman and CEO. "The fact that we have reached agreements well before our current contracts expire is a testament to the skills and determination of all those involved in these negotiations."</p><p></p><p>The new contracts enable UPS to remain highly competitive, customer-focused, and positioned to deliver transformative technologies in such areas as healthcare logistics and e-commerce on a global scale.</p><p></p><p>Upon ratification, the new agreements will take effect on August 1, 2013.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1126770, member: 1"] [I]New Accords Cover Small Package and Freight Groups[/I] UPS (NYSE: UPS) today announced that it has reached a tentative agreement with the International Brotherhood of Teamsters (Teamsters) on two, new five-year contracts in the small package and freight business units. The tentative contracts, which must be presented to the UPS Teamster-represented employees for ratification, were concluded well in advance of the July 31, 2013, expiration of the current contracts. "These agreements are a 'win-win-win' for our people, customers and shareholders," said Scott Davis, UPS chairman and CEO. "The fact that we have reached agreements well before our current contracts expire is a testament to the skills and determination of all those involved in these negotiations." The new contracts enable UPS to remain highly competitive, customer-focused, and positioned to deliver transformative technologies in such areas as healthcare logistics and e-commerce on a global scale. Upon ratification, the new agreements will take effect on August 1, 2013. [/QUOTE]
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UPS, Teamsters Agree on New Five-Year Contracts
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