Home Forex UPS workers overwhelmingly approve new contract, ending strike threat

UPS workers overwhelmingly approve new contract, ending strike threat

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The Teamsters union representing UPS workers has overwhelming approved a new five-year contract. Some 260,000 UPS employees voted on the agreement, with members overwhelming voting in favor.

The contract includes wage increases, improved pension plans, and health care and other benefits. It also ensures job security by expanding the workforce over the life of the contract, as well as providing job and wage protections to employees.

“This is a significant achievement for the 260,000 UPS Teamsters nationwide and their families,” said Teamsters President Jimmy Hoffa, Jr. “We have negotiated a strong contract that will provide a secure future and take good care of our members.”

The new contract avoids the possibility of a lengthy strike at the world’s largest package delivery firm, which would have disrupted UPS operations and supply chains across the United States, Canada and beyond.

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