Taken from upsers.com
UPS and Teamsters Local 705 Reach Handshake Agreement
UPS announced that the company and Teamsters negotiators have reached a tentative agreement on a new five-year contract.
[FONT=arial,helvetica,sans-serif]UPS and the Chicago-area Teamsters Local Union 705 reached a handshake agreement on a new five-year contract, which takes effect August 1, 2008 and runs through July 31, 2013. The two sides met throughout the night on Wednesday, July 30 and announced the agreement on the morning of July 31. [/FONT]
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[FONT=arial,helvetica,sans-serif][FONT=arial,helvetica,sans-serif]Last year, UPS reached a nationwide agreement with virtually all other Teamster-represented employees in the United States and recently reached a handshake agreement with Local 710. [/FONT][/FONT]
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[FONT=arial,helvetica,sans-serif]The agreement is being presented to UPS employees with the unanimous endorsement of UPS and Teamster Local Union 705 leadership. Eligible UPSers will vote on ratification of the new agreement in the coming weeks. [/FONT]
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[FONT=arial,helvetica,sans-serif]The new contract is good for UPS people and its customers. It gives UPS the flexibility it needs to continue providing the best service in the industry at competitive rates.[/FONT]
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[FONT=arial,helvetica,sans-serif]Details of the agreement will be posted as they become available.[/FONT]
