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UPS and the International Brotherhood of Teamsters, a trade union representing about 330,000 UPS employees in the USA, have reached a “tentative collective bargaining agreement”.
In a press release, UPS said the five-year agreement covers U.S. Teamsters-represented employees in small-package roles and is subject to voting and ratification by union members.
Commenting on the agreement, Carol Tomé, UPS chief executive officer, said:
“Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers. 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.”