Investing
Teamsters says UPS has walked away from contract negotiations
© Reuters. United Parcel Service and the Teamsters hold a rally before before the beginning of the largest U.S. private sector labor contract talks covering more than 330,000 U.S. drivers, package handlers and loaders at the global delivery firm, in Orange, Californ
(Reuters) -The union representing roughly 340,000 U.S. drivers, package handlers and loaders at United Parcel Service (NYSE:) said on Wednesday the parcel delivery firm had “walked away from the bargaining table”.
Teamsters said in a tweet UPS presented an offer, which was unanimously rejected by the union’s national negotiating committee. The union added no additional negotiations were scheduled.
“Following marathon negotiations, UPS refused to give the Teamsters a last, best, and final offer, telling the union the company had nothing more to give,” Teamsters said.
UPS did not immediately respond to a Reuters request for comment.
Labor unions, who are gaining in popularity in the U.S., are enjoying a higher bargaining power with companies, which have been grappling with labor shortages since the COVID-19 pandemic.
The contract covering UPS full and part-time employees in the U.S. that deliver packages, load trucks and handle packages expires at midnight on July 31. UPS workers have already authorized a strike, should talks break down.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing5 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income5 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Side Hustles5 days ago
5 Key Strategies for a Seamless Cloud Migration