LOS ANGELES, June 16 (Reuters) - United Parcel Service (UPS) (UPS.N) union employees have voted overwhelmingly to authorize a strike should contract talks break down after the current agreement ends in two weeks, the International Brotherhood of Teamsters said on Friday.
The vote is a standard practice in union contract campaigns designed to give leverage to the union representing some 340,000 UPS workers.
Tancredi, a partner at consultancy West Monroe, said interdependence between the Teamsters and UPS reduces strike risk.
"They get what they pay for," Schreiner said of UPS adding that company delivery drivers, who make about $150,000 annually including base pay and benefits before overtime, "earn it."
UPS shares fell as much as 1.5% after the news but quickly pared losses to trade down 0.6% in midday trade.
Persons:
Sean O'Brien, Jeremy Tancredi, Tancredi, Rikki Schreiner, Schreiner, Lisa Baertlein, Shivansh, Jamie Freed
Organizations:
United Parcel Service, International Brotherhood of Teamsters, Teamsters, UPS, West, Reuters, FedEx, Thomson
Locations:
ANGELES, West Monroe, Eagan , Minnesota, Los Angeles, Bangalore