UPS, teamsters finalize 5-year contract


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UPS, teamsters finalize 5-year contract - Atlanta Business Chronicle

United Parcel Service Inc. (NYSE: UPS) and the International Brotherhood of Teamsters have finalized the last remaining agreement to cover more than 240,000 small package union workers.

The 5-year contract, which runs retroactive to Aug. 1, 2018 through July 31, 2023, became official Monday after Michigan workers ratified the last outstanding supplemental agreement.

The national contract increases wages, protects benefits and creates 5,000 new full-time jobs during the term of the agreement, according to the Teamsters.

UPS said the master contract covering approximately 243,000 UPS employees was negotiated earlier, and all remaining supplements have now been ratified.