Averting a strike that could have shaken the U.S. economy, the union representing more than 300,000 United Parcel Service employees announced Tuesday that its members had ratified a new labor agreement with the shipping giant.
The union, the International Brotherhood of Teamsters, said that its UPS members approved the five-year contract with more than 86 percent support.
The Teamsters have said that the agreement includes wage gains of at least $7.50 an hour for current employees over its five-year term.
It also raises the minimum pay for part-time workers to $21 an hour from under $17, and raises the top rate for full-time delivery drivers to about $49 on average.
Under the previous contract, which expired on Aug. 1, full-time drivers made an average of about $42 an hour after four years on the job.
Organizations:
United Parcel Service, International Brotherhood of Teamsters, UPS, Teamsters
Locations:
U.S