Investing
Teamsters local unions endorse agreement with delivery giant UPS
© Reuters. FILE PHOTO: United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo
(Reuters) – The Teamsters local unions, which represent 340,000 workers at United Parcel Service (NYSE:), voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25.
The agreement, estimated to be at $30 billion by the union, provides historic wage increases, one more paid holiday and air conditioning in the company’s ubiquitous brown delivery trucks.
It also eliminates a two-tier pay system and forced overtime for delivery drivers.
“Our tentative agreement is richer, stronger, and more far-reaching than any settlement ever negotiated in the history of American organized labor,” said Teamsters General President Sean M. O’Brien.
Of the 176 local unions with UPS members, 14 affiliates did not show up to a meeting in Washington DC to review the agreement.
The union said the rank and file of UPS Teamsters will have the chance to vote on ratification from August 3 to 22.
Read the full article here
Closing Your Business? Do It Before the New Year to Save Money
Why Irate Artists Leaked OpenAI’s AI Video Generator Sora
Friends’ ‘Scrappy’ Side Hustle Led to a $1 Million Product
Unlock Lasting Business Success by Instilling These 5 Family Values
BlackRock, Vanguard, State Street sued by Republican states over climate push By Reuters
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
MIT Gives Free Tuition For Families Earning $200,000 or Less
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing4 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income4 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles5 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles2 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Side Hustles6 days agoMIT Gives Free Tuition For Families Earning $200,000 or Less
-
Passive Income5 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles4 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel
-
Investing1 day agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters