The strike threat had loomed for months, as the union and UPS management had been unable to reach an agreement on a new contract. The union had argued that UPS workers were not being paid enough, especially in light of the company’s record profits. UPS management, on the other hand, had argued that the union’s demands were too high and would hurt the company’s bottom line.
The tentative agreement is a victory for the union, which had been preparing for a strike that would have disrupted package delivery across the country. The agreement is also a win for UPS, which avoided a costly and disruptive strike.
“This is a great day for UPS workers,” said Sean O’Brien, general president of the Teamsters. “This contract sets a new standard in the labor movement and raises the bar for all workers.”
“We are pleased to have reached an agreement with the Teamsters that is fair to our employees and our customers,” said Carol Tome, UPS CEO. “This agreement will allow us to continue to invest in our business and our people.”
The tentative agreement still needs to be ratified by the Teamsters membership. If it is ratified, it will go into effect on August 1.