UPS Reaches Historic Contract Agreement with Teamsters, Averting Nationwide Strike
- UPS and the Teamsters reached a tentative five-year contract agreement including significant pay raises, improved benefits, and better working conditions.
- The deal was reached just days before a threatened August 1 strike deadline that could have severely disrupted deliveries across the US.
- Key elements of the contract include a $2.75 per hour raise in 2023 and $7.50 over five years, a minimum $21 hourly rate for part-timers, and air conditioning for delivery vehicles.
- Both sides expressed satisfaction with the "historic" agreement that averts what could have been the largest single-employer strike in US history.
- The deal still needs to be ratified by rank-and-file Teamsters members in voting scheduled for early August.
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