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<blockquote data-quote="Channahon" data-source="post: 269481" data-attributes="member: 7666"><p>Sounds like a done deal, with the exception of 5 supplementals.</p><p>Info on UPSer's.com</p><p> </p><p>CHICAGO (Reuters) - Workers at United Parcel Service Inc (UPS.N: <a href="http://stocks.us.reuters.com/stocks/overview.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1" target="_blank"><span style="color: #003399">Quote</span></a>, <a href="http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1" target="_blank"><span style="color: #003399">Profile</span></a> , <a href="http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1" target="_blank"><span style="color: #003399">Research</span></a>) represented by the Teamsters have approved a new 5-year contract, the union said on Tuesday.</p><p>According to preliminary results, the national agreement for about 240,000 full- and part-time workers at the world's largest package delivery company was approved by a margin of <strong>65.03</strong> percent.</p><p> </p><p><strong>The Teamsters said it would meet with members of some groups who voted against the agreement to identify and address their concerns.</strong></p><p> </p><p>The new agreement will raise workers' wages, plus increase the Atlanta-based company's contributions to funds providing pensions and benefits.</p><p></p><p></p><p> </p><p>The deal also includes a provision allowing UPS to withdraw some UPS Teamsters members from their current multi-employer pension plan, the Central States Pension Fund, and establish a new jointly trusteed single-employer plan.</p><p> </p><p>Pulling out of the plan was seen by analysts as a way to reduce labor costs and improve competition against main rival FedEx Corp (FDX</p></blockquote><p></p>
[QUOTE="Channahon, post: 269481, member: 7666"] Sounds like a done deal, with the exception of 5 supplementals. Info on UPSer's.com CHICAGO (Reuters) - Workers at United Parcel Service Inc (UPS.N: [URL="http://stocks.us.reuters.com/stocks/overview.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#003399]Quote[/COLOR][/URL], [URL="http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#003399]Profile[/COLOR][/URL] , [URL="http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=UPS.N&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#003399]Research[/COLOR][/URL]) represented by the Teamsters have approved a new 5-year contract, the union said on Tuesday. According to preliminary results, the national agreement for about 240,000 full- and part-time workers at the world's largest package delivery company was approved by a margin of [B]65.03[/B] percent. [B]The Teamsters said it would meet with members of some groups who voted against the agreement to identify and address their concerns.[/B] The new agreement will raise workers' wages, plus increase the Atlanta-based company's contributions to funds providing pensions and benefits. The deal also includes a provision allowing UPS to withdraw some UPS Teamsters members from their current multi-employer pension plan, the Central States Pension Fund, and establish a new jointly trusteed single-employer plan. Pulling out of the plan was seen by analysts as a way to reduce labor costs and improve competition against main rival FedEx Corp (FDX [/QUOTE]
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