Everybody's Business, Jeffrey Scharf: Unions may have turned a corner - Santa Cruz Sentinel
In another positive harbinger for unions, the Teamsters and United Parcel Service have negotiated a new contract. An important feature lets UPS lower its pension costs by allowing it to leave the multiemployer Teamsters fund for a UPS-only fund. Under the old scheme, UPS was effectively making pension contributions for itself and other, less prosperous companies.
In another positive harbinger for unions, the Teamsters and United Parcel Service have negotiated a new contract. An important feature lets UPS lower its pension costs by allowing it to leave the multiemployer Teamsters fund for a UPS-only fund. Under the old scheme, UPS was effectively making pension contributions for itself and other, less prosperous companies.