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"It's not a $30 billion deal," Tome told CNBC's Frank Holland in an exclusive interview on Monday. Averting a crisisThe labor contract reached in July prevented a potentially widespread and disruptive work stoppage. In June, Teamsters members authorized a UPS strike during the negotiations. The union ratified the UPS contract on Aug. 25 with record turnout of 58% of members voting and a record 86% approving the deal. A 'win-win-win'After the tentative deal for the Teamsters contract was reached, Tome called it a "win-win-win" for the union, customers and the company.

Persons: Carol Tome, Donald Trump, Jonathan Ernst, Tome, CNBC's Frank Holland, We'll, We've, Weeks Organizations: Hartsfield, Jackson Atlanta International Airport, Reuters, Teamsters, UPS, Anderson Economic Locations: Atlanta , Georgia, U.S

☆ UPS CEO says new labor deal with Teamsters to cost less than $30 bln - CNBC
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

UPS vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies United Parcel Service Inc FollowSept 12 (Reuters) - United Parcel Service's (UPS.N) new five-year deal with Teamsters-represented workers will cost less than the $30 billion that was outlined by the union, Chief Executive Officer Carol Tome said in a CNBC interview on Monday. The contract, which covers about 340,000 UPS workers in the United States, would increase wage and benefit costs at a 3.3% compound annual growth rate over the life of the agreement, UPS Chief Financial Officer Brian Newman said earlier. Last month, the Atlanta-based company cut its full-year revenue and profitability targets, citing higher-than-expected labor costs as well as business lost during the tumultuous contract talks with Teamsters. Reporting by Priyamvada C and Baranjot Kaur in Bengaluru; Editing by Varun H K and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Carol Tome, Brian Newman, Newman, Priyamvada, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Parcel Service, Teamsters, CNBC, UPS, Atlanta -, Thomson Locations: Brooklyn , New York City, U.S, United States, Atlanta, Bengaluru

☆ UPS estimates new contract with Teamsters to increase costs 3.3%
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] A United Parcel Service (UPS) vehicle reverses into a facility in Queens, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsCompanies United Parcel Service Inc FollowSept 11 (Reuters) - Parcel Service (UPS.N) said on Monday its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would increase wage and benefit costs at a 3.3% compound annual growth rate over the life of the agreement. The new contract expires on July 31, 2028, and 46% of wage and benefit costs from that agreement will hit this year, UPS Chief Financial Officer Brian Newman said in a recorded message. Contract-related costs in the second half of 2023 are expected to be about $500 million more than UPS expected, Newman said. Reporting by Kannaki Deka in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Sriraj Kalluvila and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Brian Newman, Newman, Kannaki, Lisa Baertlein, Sriraj Kalluvila, Lisa Shumaker Organizations: United Parcel Service, REUTERS, Parcel Service, Teamsters, UPS, Thomson Locations: Queens , New York City, U.S, United States, Bengaluru, Los Angeles

☆ Here’s why Biden can’t do much to prevent an auto strike
▼ + stars: | 2023-09-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

New York CNN —President Joe Biden may hope the United Auto Workers union will not strike the nation’s three unionized automakers. Biden doesn’t have the legal authority he would have if a freight railroad or airline was threatening to strike. Joe Biden speaks at the United Auto Workers union hall in Warren, Michigan, during the 2020 presidential campaign. And UAW President Shawn Fain vows the union is ready to strike all three if there aren’t agreements by the 11:59 pm ET contract expiration on September 14. President Joe Biden after touring the General Motors' electric vehicle assembly plant in Detroit in November 2021.

Persons: Joe Biden, Biden doesn’t, Jim Watson, Shawn Fain, Biden Fain, Biden, Jonathan Ernst, ”, Fain, Joe Biden’s, ” Biden, “, ” Fain, Biden’s, Gene Sperling, Julie Su, — Organizations: New, New York CNN, United Auto Workers, UAW, General Motors, Ford, Jeep, Dodge, Chrysler, UPS, Anderson Economic Consulting, GM, Getty, EV, Reuters, SK, White, ICE, Labor, CNN, AFL, CNBC, Teamsters, Congress Locations: New York, West Coast, Michigan, Warren , Michigan, AFP, Southern, Detroit

☆ Climate change adds workplace costs and hazards
▼ + stars: | 2023-09-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

The 57-year-old's death in hospital was announced in late August - just as his trade union was ratifying a deal with UPS on improved heat protections. In a statement to local media, UPS (UPS.N) said it was cooperating with the authorities as they investigated the cause of death. "We train our people to recognize the symptoms of heat stress, and we respond immediately to any request for help," it said. Many European and other usually temperate countries still have no laws establishing maximum work temperatures. "Climate change is such a paradigm shift that all of us need to rethink these legacy economic assumptions," said NELP's Christman.

Persons: patchily, Chris Begley, Halshka Graczyk, Graczyk, Chaya, Anastasia Christman, Owen Tudor, Tudor, Jerome Volle, NELP's, David Stanway, Catherine Evans Organizations: UPS, Teamsters, International Labour Organization, Chiang Mai University, . Occupational Health, Safety Authority, Employment Law, International Trade Union Confederation, Reuters, Thomson Locations: Texas, Paris, Thailand, Myanmar, China, Singapore

Discovery boss David Zaslav called for Hollywood to work together to end the writers and actors strikes, which have crippled Hollywood and which WBD this week said could cost the company as much as $500 million this year. “We really have to focus as an industry, and we are, on trying to get this resolved in a way that’s really fair,” Zaslav told the Goldman Sachs Communacopia + Technology Conference on Wednesday. As soon as the strikes are resolved, he said, “everybody is ready to get back to work, us in particular.”Warner Bros. SAG-AFTRA, which represents about 160,000 actors, joined the writers on strike on July 14. We need to do everything we can to get people back to work,” Zaslav said.

Persons: David Zaslav, “, ” Zaslav, Goldman Sachs, Warner, Mario Anzuoni, Reuters “, Shawn Fain, doesn’t Organizations: CNN, Warner Bros, Hollywood, Technology, The, Guild of America, SAG, Writers Guild of America, Netflix, Reuters, “, ” Unions, Teamsters, UPS, United Auto Workers, GM, Ford, UAW Locations: Hollywood, Los Angeles , California, U.S

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

☆ Auto workers union strike looms with less than two weeks to deadline
▼ + stars: | 2023-09-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

In contrast, when UPS was faced with a possible August 1 strike, the company and the Teamsters union both repeatedly said they were close to a deal. Those two sides eventually averted a strike with a deal overwhelmingly approved by the membership. No predictions a deal is closeThe current contracts between the United Auto Workers union and the three automakers all expire at 11:59 pm on September 14, raising the possibility of one or more strike on September 15. The move had relatively limited legal significance since the National Labor Relations Board won’t rule on it before the September 15 strike deadline. A summer of strikesDespite the deal that averted a strike at UPS, this has been a summer of strikes.

Persons: Joe Biden, I’m, ” Biden, Spokespeople, Stellantis –, Shawn Fain, “, ” Fain, ”, Gerald Johnson, Fain, Biden, he’s, hasn’t, Wheaton, ’, –, Betsy Klein Organizations: New, New York CNN, Labor, –, Motors, Ford, CNN, UPS, Teamsters, United Auto Workers, UAW, Jeep, Dodge, Chrysler, National Labor Relations Board, GM, ”, Guild of America, SAG, Cornell University, Cornell University’s Industrial, Labor Relations Locations: New York, Philadelphia, Buffalo, Wheaton

☆ US unions have flexed their muscle this past year. Are they winning?
▼ + stars: | 2023-09-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. When including those smaller strikes, the total number of strikes in the past year increased to nearly 400. The United Mine Workers union never reached a deal on a new contract. The public also sees unions having more power than in the past, and they approve of that, according to the poll. More major strikes loomA number of major labor disputes are still looming.

Persons: They’ve, “ It’s, ”, Wheaton, “ You’ve, it’s, they’re, Biden, AFTRA Organizations: New, New York CNN, Labor, Cornell University’s Industrial, Labor Relations, Teamsters, UPS, Cornell University, Unions, Warrior, United Mine Workers, Congress, SAG, Writers Guild, Observers, Gallup, “ Labor, United Auto Workers, —, Motors, Ford, Jeep, Dodge, Chrysler, GM, Kaiser Permanente Locations: New York, Buffalo , New York, Los Angeles, New York City, Alabama

☆ Amazon shareholder sues board, Bezos over Blue Origin launch contracts
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsAug 31 (Reuters) - An Amazon (AMZN.O) shareholder has filed a lawsuit against founder Jeff Bezos and the Amazon board alleging directors failed to fully vet a decision to award launch contracts for the company's Project Kuiper satellite project to Blue Origin, Bezos's space company. Amazon's Project Kuiper is a planned network of over 3,000 satellites designed to beam broadband internet to remote regions. Cleveland Bakers and Teamsters Pension Fund, a multi-employer fund, said in its filing that the launch contracts were the second-largest capital expenditure in Amazon's history at the time. Project Kuiper will begin mass-producing the satellites later this year and beta testing with commercial customers in 2024, Amazon said earlier this year. The pension fund seeks unspecified damages and legal fees, according to a lawsuit filed on August 28 in the Delaware Court of Chancery.

Persons: Pascal, Jeff Bezos, Elon Musk, Musk's Starlink, Amazon, Chandni Shah, Abinaya, Lavanya, Kevin Krolicki Organizations: REUTERS, Amazon, Cleveland Bakers, Teamsters, Fund, Origin, SpaceX, Reuters, Teamsters Pension Fund, FCC, Thomson Locations: Lauwin, France, Delaware, Bengaluru

☆ Bezos snubbed Musk's SpaceX for huge satellite launch contract, Amazon shareholder says
▼ + stars: | 2023-09-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos' personal rivalry with Elon Musk , who has taunted his fellow billionaire's space ambitions for years. Last year, Amazon announced what it called the biggest rocket deal in the commercial space industry's history, signing launch contracts with United Launch Alliance (ULA), Arianespace, and Bezos' Blue Origin. Blue Origin has yet to provide a statement in response to CNBC's request for comment on the lawsuit. In January 2022, the suit says Bezos' team told the Amazon audit committee that two contracts had been fully negotiated with Blue Origin and ULA. "Bezos, it must be assumed, could not swallow his pride to seek his bitter rival's help to launch Amazon's satellites," the suit adds.

Persons: Jeff Bezos, Elon Musk, Bezos, –, Andy Jassy, Eisenhofer, Origin's, ULA Organizations: SpaceX, Tesla, Origin, Cleveland Bakers, Teamsters Pension Fund, Amazon, Elon, United Launch, CNBC, CB, Blue, FCC, Foods Locations: Delaware, New York

☆ UPS offers pilot buyouts to reduce labor costs - report
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsLOS ANGELES, Aug 31 (Reuters) - United Parcel Service (UPS.N) has offered early retirement to its pilots as it works to offset softening demand, higher labor costs and business losses, a local television station reported on Thursday. The move marks the first time the U.S. delivery company has made such an offer to pilots since 2010, when 109 opted to take the buyouts. The company hopes that 167 pilots will take the early retirement offer, according to a news report from television station WDRB in Louisville, Kentucky. UPS pilots are represented by a different union.

Persons: Andrew Kelly, Lisa Baertlein, Jonathan Oatis Organizations: United Parcel Service, REUTERS, International Brotherhood of Teamsters, UPS, Thomson Locations: Brooklyn , New York City, U.S, Louisville , Kentucky, Atlanta, Los Angeles

☆ UPS offers pilot buyout as demand falters
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. Atlanta-based UPS said it hopes 167 pilots will accept its voluntary separation offer, which includes cash and healthcare benefits. UPS hasn't reduced pilot employment since 2010, when it says it furloughed 111 pilots. UPS pilots are represented by the Independent Pilots Association, whose spokesperson confirmed the buyout offer had been proffered. Meanwhile, pilots at UPS rival FedEx (FDX.N) have rejected a tentative contract deal reached by their union for pay and job security reasons.

Persons: Andrew Kelly, Lisa Baertlein, Jonathan Oatis, Josie Kao Organizations: United Parcel Service, REUTERS, UPS, UPS hasn't, International Brotherhood of Teamsters, Independent Pilots Association, FedEx, Thomson Locations: Brooklyn , New York City, U.S, Atlanta, Los Angeles

☆ A 57-year-old UPS driver in Texas died after collapsing in the heat while making deliveries
▼ + stars: | 2023-08-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

A 57-year-old UPS driver died after collapsing while making deliveries in the Texas heat last week. UPS drivers' heat-related injuries and deaths in recent years have highlighted the dangers of the job. In their newly ratified contract, UPS workers won AC installation in new vehicles starting next year. AdvertisementAdvertisementA 57-year-old UPS driver in Texas has died after collapsing while making deliveries in the heat last week. Following months of negotiations with Teamsters, UPS announced in June that it would install air conditioning in new trucks starting next year.

Persons: Christopher Begley, Begley, Dave Reeves, Tony Rufus, Esteban Chavez Jr, Chris Begley Organizations: Weather, UPS, WFAA, Teamsters, CBS News, Teamster, FedEx Locations: Texas, Farmersville , Texas, Farmersville, CBS News Texas, North Central Texas, Memphis, Pasadena , California, Scottsdale , Arizona

☆ Factbox: From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Teamster member Sergio Martinez yells out during a rally outside a UPS facility in downtown in Los Angeles, California, U.S. July 19, 2023. AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Screen, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Thomson Locations: Los Angeles , California, U.S, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Bengaluru

☆ I've been a UPS warehouse worker for almost 20 years. I like my job, but going to work in the summer is just awful.
▼ + stars: | 2023-08-29 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +6 min

A UPS warehouse worker in a southeastern US state says the summer heat has made their job difficult. Workers are given a heat safety training but also watch each other for signs of danger. During the hottest summer ever on record , my job in a UPS warehouse has been really difficult. My job is one of the physically easier ones in my warehouse, but going into work during the summer is just awful. "UPS and the Teamsters have also reached a tentative new agreement on heat safety with the Teamsters."

Persons: I've, we're, I'd, We've, we've, —, University of Connecticut's Korey, Manseen Logan Organizations: Workers, Morning, UPS, University of Connecticut's, Institute, Gatorade Sports Science Institute, Teamsters Locations: mlogan

Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Gallup reports 71% of Americans approved of labor unions in 2022 — the highest since 1965. United Airlines struck a preliminary agreement with its pilots union last month for up to 40% raises over four years. Casey Murray, president of the Southwest Airlines Pilots Association, said frequent reassignments can wear pilots down, just as they would passengers. "They need that predictability," he said, adding that the company has made some progress in talks with the pilots' union in recent weeks.

Persons: Michael Wayland, Robert Bruno, Mario Tama, Daniel, Chris, Wells, Shawn Fain, CNBC It's, Melissa Atkins, hadn't, Johnnie Kallas, Cornell's, Casey Murray, UIUC's Bruno, it's Organizations: United Auto Workers, CNBC, UPS, Workers, Boeing, Spirit, Guild of America, Labor, University of Illinois, Striking, Paramount Studios, Getty, Cornell University School of Industrial and Labor Relations, Screen, – American Federation of Television, Radio Artists, Writers Guild of America, U.S . Bureau of Labor Statistics, Gallup, General Motors, Ford Motor, UAW, Deere, CNH, Detroit, Teamsters Union, Delta Air Lines, American Airlines, United Airlines, Netflix, Warner Bros ., WGA, SAG, Hollywood, Southwest Airlines, Southwest Airlines Pilots Association, U.S, Teamsters Locations: Detroit, Amazon, University of Illinois Urbana, Champaign, Los Angeles, Hollywood

☆ UPS employees ratify new five-year labor agreement, union says
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: 1 min

UPS vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 22 (Reuters) - Teamsters-represented UPS (UPS.N) workers voted to approve a five-year labor contract that covers about 340,000 U.S. employees at the parcel delivery firm, the union said on Tuesday. Reporting by Priyamvada C and Pratyush Thakur in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Priyamvada, Pratyush Thakur, Maju Samuel Organizations: REUTERS, Thomson Locations: Brooklyn , New York City, U.S, Bengaluru

☆ UPS, Teamsters Await Vote on New Labor Pact
▼ + stars: | 2023-08-22 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Teamsters Ratify New Five-Year Labor Contract With UPS
▼ + stars: | 2023-08-22 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ UPS Employees Approve New Contract, Averting Strike
▼ + stars: | 2023-08-22 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: 1 min

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

☆ UPS contract: Teamsters union vote may bring threat of strike
▼ + stars: | 2023-08-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —On Tuesday, the Teamsters union will announce if their 340,000 members at UPS have ratified a new contract or if they rejected it, reviving the risk of a crippling nationwide strike. The company is calling it a win for the union members, for the company and for its customers. While rank and file at UPS voted down a deal five years ago, a majority did not participate in that ratification process. There are numerous examples in recent years of rank-and-file union members voting down deals recommended by their leadership and sometimes forcing a strike. What’s in the dealThe UPS deal being voted on does give the Teamsters union some of its key bargaining goals.

Persons: Stellantis, Sean O’Brien, ”, “, Jennifer Hancock, Hancock won’t Organizations: New, New York CNN, Teamsters, UPS, Hollywood, General Motors, Ford, FedEx Locations: New York, Richmond , Virginia

☆ UPS workers approve massive new labor deal with big raises
▼ + stars: | 2023-08-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union. The parties had until July 31, when the previous labor contract was set to expire, to reach a deal and avoid a work stoppage. Current workers will get $2.75 more an hour this year and $7.50 an hour more over the five-year contract. FedEx pilots turned down a tentative agreement for a new labor contract earlier this summer.

Persons: Sean O'Brien, Carol Tomé Organizations: International Brotherhood of Teamsters, Teamsters, UPS, Amazon, U.S . Chamber of Commerce, Workers, American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, FedEx Locations: U.S

It also could throw a wrench into the upcoming holiday shopping season that is a make-or-break period for retailers, including Amazon.com (AMZN.O), the largest UPS customer. If approved, the deal would raise pay for 340,000 UPS workers and eliminate a two-tier wage system for drivers. UPS cut its full-year revenue and profitability targets earlier this month, citing higher-than-expected labor costs and business lost during the tumultuous contract talks with the Teamsters. Under the contract deal, current full- and part-time workers will get $2.75 more per hour in 2023, and $7.50 more per hour over the length of the contract, according to the Teamsters. General wage increases for part-time workers will be double the amount obtained in the previous UPS Teamsters contract - and existing part-time workers will receive a 48% average total wage bump, addressing a key sticking point in talks, the union said.

Persons: Sergio Martinez, Mike Blake, Lisa Baertlein, Paul Simao Organizations: REUTERS, Teamsters, United Parcel Service, International Brotherhood of Teamsters, UPS, UAW, Detroit, Unions, Pilots, FedEx, UPS Teamsters, Thomson Locations: Los Angeles , California, U.S, Atlanta, Los Angeles, Bengaluru

☆ Hot strike summer has 'real potential to last,' Ivy League expert says: 'There's a contagion effect'
▼ + stars: | 2023-08-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Tens of thousands of workers, from Hollywood writers and actors to hotel workers to UPS drivers, have taken part in the "summer of strikes." "When you see another union succeed, you're more inclined to push yourself for a better deal," he adds. "There's a contagion effect in seeing the [strike] strategy working, and you're more likely to use it yourself." "Good wages, benefits and job protections that you see in unionized jobs are going to attract workers. "Hollywood is a good example," he adds, "where people in technical trades that support productions have a lot of protections and benefits.

Persons: Alex Colvin, Colvin Organizations: Hollywood, Cornell ILR School Labor, Cornell School of Industrial and Labor Relations, Union, UPS, Bloomberg, Teamsters Union, CNBC, Starbucks, Companies Locations: New York

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