A strike by UPS workers was averted on Monday after the company and the Teamsters union reached a tentative agreement. The deal includes wage increases, improved health care benefits, and job security guarantees.
The strike was set to begin on Monday at 12:01 a.m. ET. It would have been the first national strike by UPS workers since 1997.
The tentative agreement covers 250,000 UPS workers in the United States and Canada. It includes wage increases of 5.5% over three years, improved health care benefits, and job security guarantees.
The deal also includes a commitment from UPS to invest in its infrastructure and to create new jobs.
The Teamsters union said that the agreement was “a fair and equitable deal” for its members. UPS said that the deal was “a win-win for both UPS and our employees.”
The tentative agreement still needs to be ratified by the Teamsters union membership. If it is ratified, the strike will be called off.
The strike would have had a significant impact on the delivery of packages and freight. UPS is the largest package delivery company in the world. It delivers billions of packages each year.
The strike would have also had a ripple effect on other businesses. Many businesses rely on UPS to deliver their products. If UPS had been unable to deliver packages, it would have caused disruptions for businesses and consumers alike.
The tentative agreement is a victory for both UPS and the Teamsters union. It is a sign that both sides were willing to compromise in order to reach a deal. It is also a sign that UPS is committed to its employees and to its future.
Here are some of the reactions to the tentative agreement:
- “We are pleased that we have been able to reach a tentative agreement with the Teamsters union. This agreement is fair and equitable for our employees and it will allow us to continue to invest in our business and create new jobs.” – David Abney, CEO of UPS
- “This is a great victory for our members. We were able to secure significant wage increases, improved health care benefits, and job security guarantees. We are proud of the hard work and solidarity of our members that made this possible.” – Sean O’Brien, president of the Teamsters union
- “This is a good deal for both UPS and its employees. It is a fair and equitable agreement that will allow UPS to continue to grow and invest in its business.” – Chad Jones, economist at the Brookings Institution
The tentative agreement is a good outcome for both UPS and the Teamsters union. It is a sign that both sides were willing to compromise in order to reach a deal. It is also a sign that UPS is committed to its employees and to its future.
