• bitcoinBitcoin(BTC)$80,463.00-0.03%
  • ethereumEthereum(ETH)$2,347.580.19%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$740.911.38%
  • rippleXRP(XRP)$1.300.54%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$101.630.21%
  • tronTRON(TRX)$0.3308700.51%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.062.22%
  • zcashZcash(ZEC)$1,216.260.82%
  • HyperliquidHyperliquid(HYPE)$77.151.07%
  • dogecoinDogecoin(DOGE)$0.077163-0.13%
  • moneroMonero(XMR)$597.98-1.89%
  • USDSUSDS(USDS)$1.00-0.01%
  • whitebitWhiteBIT Coin(WBT)$77.600.04%
  • chainlinkChainlink(LINK)$11.47-0.91%
  • leo-tokenLEO Token(LEO)$9.01-0.09%
  • cardanoCardano(ADA)$0.205369-0.62%
  • RainRain(RAIN)$0.008430-1.04%
  • nearNEAR Protocol(NEAR)$4.561.84%
  • stellarStellar(XLM)$0.168773-1.18%
  • bitcoin-cashBitcoin Cash(BCH)$279.431.33%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • daiDai(DAI)$1.00-0.04%
  • litecoinLitecoin(LTC)$56.970.33%
  • uniswapUniswap(UNI)$6.972.42%
  • CantonCanton(CC)$0.1024150.96%
  • avalanche-2Avalanche(AVAX)$8.940.15%
  • USD1USD1(USD1)$1.00-0.01%
  • suiSui(SUI)$0.93-1.39%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.260.77%
  • hedera-hashgraphHedera(HBAR)$0.077457-0.35%
  • tether-goldTether Gold(XAUT)$3,993.480.07%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.02%
  • BittensorBittensor(TAO)$254.231.64%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.91%
  • quant-networkQuant(QNT)$194.668.94%
  • crypto-com-chainCronos(CRO)$0.054556-1.46%
  • EthenaEthena(ENA)$0.2062158.76%
  • BitwayBitway(BTW)$1.68-3.26%
  • Ripple USDRipple USD(RLUSD)$1.000.02%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.07%
  • okbOKB(OKB)$108.06-0.38%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • MemeCoreMemeCore(M)$0.932.13%
  • aaveAave(AAVE)$137.390.22%
  • OndoOndo(ONDO)$0.4076160.22%
  • Pump.funPump.fun(PUMP)$0.004292-0.33%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

UPS workers vote to authorize strike if talks break down

June 16, 2023
in Business
Reading Time: 7 mins read
A A
UPS workers vote to authorize strike if talks break down
ShareShareShareShareShare

United Parcel Service union employees have voted overwhelmingly to authorize a strike should contract talks break down after the current agreement ends on July 31, the International Brotherhood of Teamsters said Friday.

The vote is a standard practice in union contract campaigns designed to give leverage to the union representing some 340,000 UPS workers.

YOU MAY ALSO LIKE

What is Ciao Hospitality Group?

Halloween candy sales off to slow start amid high chocolate prices, affordability concerns

It comes during relatively cordial talks as new Teamsters general president Sean O’Brien works to get a UPS deal that shares billions of dollars of its pandemic profit with workers and helps to recruit new members — including Amazon warehouse staff.

UPS again on Friday said it is confident that the two sides will reach an agreement that provides wins for all involved.

“The results do not mean a strike is imminent and do not impact our current business operations in any way,” the company said.

The company and the union already have agreements on issues such as adding air conditioning in new delivery trucks — but talks continue on wages, a crucial issue.


The Teamsters hold a rally at United Parcel Service in April.
REUTERS

Jeremy Tancredi, a former UPS manager-turned-industry consultant, said the strike authorization vote is a normal step the union takes to ensure it can quickly respond to any impasse after the contract expires.

Still, he expects the Teamsters to win a “healthy” raise without having to resort to a work stoppage.

“There is money out there to (pay for the) increase,” he said, adding that the lift would not be “crazy drastic” or stressful to UPS.

Tancredi, a partner at consultancy West Monroe, said interdependence between the Teamsters and UPS reduces strike risk.

That’s because UPS management sells Teamster professionalism and teamwork as a strength over competitors, and the Teamsters count UPS as its largest employer at a time when union membership is struggling to grow, he said.


UPS logo
UPS and the union already have agreements on issues such as adding air conditioning in new delivery trucks, but talks continue on wages.
Getty Images

Still, employees told Reuters that Teamsters members are unified and will stop work if the company balks at raises that reflect the time and health risks they took to manage the COVID-19 cargo surge or their value to the company.

“We were working basically Christmas hours for two years straight” during the pandemic, when e-commerce surged, said Rikki Schreiner, a full-time UPS employee in Eagan, Minnesota.

UPS was more profitable than FedEx during the pandemic when animosity between that rival and its lower-cost delivery contractors festered.

“They get what they pay for,” Schreiner said of UPS, adding that company delivery drivers, who make about $150,000 annually including base pay and benefits before overtime, “earn it.”

UPS shares fell as much as 1.5% after the news but pared losses to close down 0.2%.

Credit: Source link

ShareTweetSendSharePin

Related Posts

What is Ciao Hospitality Group?
Business

What is Ciao Hospitality Group?

October 25, 2026
Halloween candy sales off to slow start amid high chocolate prices, affordability concerns
Business

Halloween candy sales off to slow start amid high chocolate prices, affordability concerns

October 25, 2026
Pot Inc. is more than meets the red eye — the legal marijuana industry is versatile and still growing
Business

Pot Inc. is more than meets the red eye — the legal marijuana industry is versatile and still growing

October 25, 2026
U.S credit card debt is on the rise. Here’s how to keep yourself out of credit card debt
Business

U.S credit card debt is on the rise. Here’s how to keep yourself out of credit card debt

October 24, 2026
Next Post
Sunday Stock Talk | What Stocks To Look Out For!

Sunday Stock Talk | What Stocks To Look Out For!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Is The Stock Market Crashing? (What To Do Right Now)

Is The Stock Market Crashing? (What To Do Right Now)

October 22, 2026
Mogul uses AI to turn 0 investments into real estate returns

Mogul uses AI to turn $250 investments into real estate returns

October 19, 2026
Meta Makes Share Deal to Keep Zuckerberg in California

Meta Makes Share Deal to Keep Zuckerberg in California

October 25, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!