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<blockquote data-quote="moreluck" data-source="post: 1160455" data-attributes="member: 1246"><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000">[h=1]UPS Teamsters Approve Contract Removing Strike Threat[/h]By Mary Jane Credeur - Jun 25, 2013 </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000"><a href="http://www.bloomberg.com/quote/UPS:US" target="_blank">United Parcel Service Inc. (UPS)</a> Teamsters workers approved a five-year contract that covers 250,000 employees, removing the risk of a possible strike and a drop in volumes at the world’s largest package-shipping company. </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000">The union announced preliminary results today, saying the accord received a majority of the votes cast, without giving details. Counting will conclude tomorrow, the Teamsters said. </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000">A <a href="http://www.teamster.org/sites/teamster.org/files/2013UPSforweb8.pdf" target="_blank">running tally</a> on the Teamsters website showed 34,037 votes favoring the contract and 29,576 against it at 3:30 p.m. in Atlanta, where UPS is based. The company didn’t immediately have a comment on the voting results. </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000">The contract takes effect on Aug. 1 and includes raises totaling $3.90 per hour over the five years, which adds up to <a href="http://www.teamster.org/sites/teamster.org/files/5713UPSHighlightsfinal_0.pdf" target="_blank">$25,000 for certain full-time drivers</a> over the life of the agreement, the union has said. The accord also creates 2,350 full-time jobs. </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000">UPS wanted to win ratification before the current accord expires in July, to reassure customers who might have begun shifting deliveries to <a href="http://www.bloomberg.com/quote/FDX:US" target="_blank">FedEx Corp. (FDX)</a> ahead of a possible walkout. A two-week Teamsters strike in 1997 cost about $650 million, UPS said at the time. </span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000"></span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000"></span></span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"><span style="color: #000000"></span></span></span></p><p><span style="color: #fff">__._,_.___</span></p></blockquote><p></p>
[QUOTE="moreluck, post: 1160455, member: 1246"] [FONT=Arial][SIZE=2][COLOR=#000000][h=1]UPS Teamsters Approve Contract Removing Strike Threat[/h]By Mary Jane Credeur - Jun 25, 2013 [URL="http://www.bloomberg.com/quote/UPS:US"]United Parcel Service Inc. (UPS)[/URL] Teamsters workers approved a five-year contract that covers 250,000 employees, removing the risk of a possible strike and a drop in volumes at the world’s largest package-shipping company. The union announced preliminary results today, saying the accord received a majority of the votes cast, without giving details. Counting will conclude tomorrow, the Teamsters said. A [URL="http://www.teamster.org/sites/teamster.org/files/2013UPSforweb8.pdf"]running tally[/URL] on the Teamsters website showed 34,037 votes favoring the contract and 29,576 against it at 3:30 p.m. in Atlanta, where UPS is based. The company didn’t immediately have a comment on the voting results. The contract takes effect on Aug. 1 and includes raises totaling $3.90 per hour over the five years, which adds up to [URL="http://www.teamster.org/sites/teamster.org/files/5713UPSHighlightsfinal_0.pdf"]$25,000 for certain full-time drivers[/URL] over the life of the agreement, the union has said. The accord also creates 2,350 full-time jobs. UPS wanted to win ratification before the current accord expires in July, to reassure customers who might have begun shifting deliveries to [URL="http://www.bloomberg.com/quote/FDX:US"]FedEx Corp. (FDX)[/URL] ahead of a possible walkout. A two-week Teamsters strike in 1997 cost about $650 million, UPS said at the time. [/COLOR][/SIZE][/FONT] [COLOR=#fff]__._,_.___[/COLOR] [/QUOTE]
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