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UPS, pilots reach accord in contract negotiations
Friday June 30, 6:11 pm ET
United Parcel Service and The Independent Pilots Association said they reached a tentative agreement on a new labor contract.
The agreement provides for wage and pension improvements and a variety of changes to work rules. It also enables the company to reward its pilots in a responsible manner, maintaining the flexibility needed to serve customers and expand the business while remaining competitive.
Specific details of the accord will not be disclosed before the IPA presents the tentative contract to all UPS pilots. The contract must be ratified by a majority of UPS' 2,700 pilots. If ratified, the contract would not become amendable until the end of 2011.
According to the IPA, a vote by the pilots probably will be completed by mid-September.
"This tentative agreement has been unanimously approved and endorsed by both the IPA Executive Board and its pilot negotiating committee and is one we will present to our membership for ratification without hesitation," said IPA president Tom Nicholson. "It includes immediate improvements to pay as well as percentage increases in future years while also improving pension benefits and work rules."
"We have negotiated a fair and balanced contract that's good for our pilots and good for the company," said John Beystehner, UPS' COO and president of UPS Airlines. "We are pleased the IPA leadership team fully endorses the agreement."
UPS employs more than 1,500 in Memphis and is the second-largest cargo airline operating out of Memphis International Airport after FedEx Corp.
Published June 30, 2006 by the Memphis Business Journal
Friday June 30, 6:11 pm ET
United Parcel Service and The Independent Pilots Association said they reached a tentative agreement on a new labor contract.
The agreement provides for wage and pension improvements and a variety of changes to work rules. It also enables the company to reward its pilots in a responsible manner, maintaining the flexibility needed to serve customers and expand the business while remaining competitive.
Specific details of the accord will not be disclosed before the IPA presents the tentative contract to all UPS pilots. The contract must be ratified by a majority of UPS' 2,700 pilots. If ratified, the contract would not become amendable until the end of 2011.
According to the IPA, a vote by the pilots probably will be completed by mid-September.
"This tentative agreement has been unanimously approved and endorsed by both the IPA Executive Board and its pilot negotiating committee and is one we will present to our membership for ratification without hesitation," said IPA president Tom Nicholson. "It includes immediate improvements to pay as well as percentage increases in future years while also improving pension benefits and work rules."
"We have negotiated a fair and balanced contract that's good for our pilots and good for the company," said John Beystehner, UPS' COO and president of UPS Airlines. "We are pleased the IPA leadership team fully endorses the agreement."
UPS employs more than 1,500 in Memphis and is the second-largest cargo airline operating out of Memphis International Airport after FedEx Corp.
Published June 30, 2006 by the Memphis Business Journal
