Current:Home > MarketsPredictIQ-Strike avoided: UPS Teamsters come to tentative agreement, voting to start this week -DataFinance
PredictIQ-Strike avoided: UPS Teamsters come to tentative agreement, voting to start this week
Will Sage Astor View
Date:2025-04-06 14:17:55
One week ago,PredictIQ UPS and Teamsters, the union representing roughly 340,000 rank-and-file UPS workers, avoided what would have been the largest single employer strike in U.S. history by reaching a tentative agreement on a full labor contract.
Now, one day after the current contract has expired, Teamsters are taking the next steps toward ratification of the new contract.
On Monday, the Teamsters local union barns representing about 10,000 UPS workers in the metro area, "voted 161-1 to endorse the tentative agreement reached with the delivery giant on July 25 and recommend its passage by the full membership," according to a press release from the International Brotherhood of Teamsters.
Now that the majority of local unions have endorsed the tentative agreement, all rank-and-file UPS Teamsters will have the chance to vote on ratification between Aug. 3-22.
Teamsters:Yellow trucking company headed for bankruptcy, putting 30,000 jobs at risk
"Our tentative agreement is richer, stronger, and more far-reaching than any settlement ever negotiated in the history of American organized labor," International Brotherhood of Teamsters General President Sean O’Brien said in the release. "The Teamsters are immensely proud of reaching agreement with UPS to improve the lives of our members, their families and working people across the country.”
The new five-year tentative agreement covers U.S. Teamsters-represented employees in small-package roles and is subject to voting and ratification by union members, Jim Mayer, a UPS spokesperson, previously told the Louisville Courier Journal, part of the USA TODAY network. Ratifying the contract could take about three weeks, according to previous statements from O'Brien, and Secretary-Treasurer Fred Zuckerman.
Of the 176 local unions with UPS members, 14 did not show up for a meeting in Washington, D.C., to review the tentative agreement. Monday, the 162 Teamsters locals that were at the meeting discussed the more than 60 changes to the UPS Teamsters National Master Agreement, the largest private-sector collective bargaining agreement in North America.
"Teamster labor moves America. The union went into this fight committed to winning for our members. We demanded the best contract in the history of UPS, and we got it,” O’Brien previously said.
UPS previously described the deal as a "win-win-win" for union members, customers and the company.
"This agreement continues to reward UPS’s full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive, serve our customers and keep our business strong,” UPS CEO Carol Tomé said.
Teamsters said the new tentative agreement is "valued at $30 billion" and provides higher wages for all workers, the end of two-tier wages for drivers, installation of air conditioning in new vehicles, raises for part-time workers, Martin Luther King Jr. Day as a paid holiday for the first time, no more forced overtime on days off and more.
"This agreement is a testament to the power of employers and employees coming together to work out their differences at the bargaining table in a manner that helps businesses succeed while helping workers secure pay and benefits they can raise a family on and retire with dignity and respect," President Joe Biden said previously in a statement.
Contact business reporter Olivia Evans at [email protected] or on Twitter at @oliviamevans_.
veryGood! (59851)
Related
- Highlights from Trump’s interview with Time magazine
- Target will be closed on Thanksgiving: Here’s when stores open on Black Friday
- Ariana Grande Shares Dad's Emotional Reaction to Using His Last Name in Wicked Credits
- Trump ally Steve Bannon blasts ‘lawfare’ as he faces New York trial after federal prison stint
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
- 'I heard it and felt it': Chemical facility explosion leaves 11 hospitalized in Louisville
- 2 dead in explosion at Kentucky factory that also damaged surrounding neighborhood
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Britney Spears reunites with son Jayden, 18, after kids moved in with dad Kevin Federline
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Song Jae-lim, Moon Embracing the Sun Actor, Dead at 39
- 'I know how to do math': New Red Lobster CEO says endless shrimp deal is not coming back
- Driver dies after crashing on hurricane-damaged highway in North Carolina
- Trump's 'stop
- John Krasinski Revealed as People's Sexiest Man Alive 2024
- Can I take on 2 separate jobs in the same company? Ask HR
- Police identify 7-year-old child killed in North Carolina weekend shooting
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Dallas Long, who won 2 Olympic medals while dominating the shot put in the 1960s, has died at 84
DWTS' Gleb Savchenko Shares Why He Ended Brooks Nader Romance Through Text Message
Police identify 7-year-old child killed in North Carolina weekend shooting
At site of suspected mass killings, Syrians recall horrors, hope for answers
Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
Gossip Girl Actress Chanel Banks Reported Missing After Vanishing in California
Subway rider who helped restrain man in NYC chokehold death says he wanted ex-Marine to ‘let go’