Wednesday, October 4

The average annual salary and benefits for UPS drivers could be $170,000 through a contract.

The CEO of UPS has announced that the company will pay an average of $170,000 per year to full-time drivers, as per their new contract. This news comes after the Teamsters threatened the largest employer strike in U.S. history if a new deal was not reached.

UPS CEO Carol Tomé revealed on a Tuesday earnings call that full-time UPS drivers would receive an average of $170,000 annually in annual pay and benefits after their five-year contract agreement ends.

This week, specifics regarding the pay scale for full-time and part-timers of drivers were expected to be disclosed as the Teamsters union commences the process of ratifying the tentative agreement that was announced just before the onset of another strike.

According to Tomé, the new contract will result in UPS full-time drivers receiving around $170,000 per year in pay and benefits, while part-timers who work for the company will earn at least $25.75 per hour and receive full health care and pension benefits.

If a new contract couldn’t be reached, the Teamsters decided to strike. Voting on the proposed deal began last week and will continue until August 22.

The agreement between UPS and Teamsters indicates that working conditions for workers will improve with the implementation of air conditioning measures, which will include air conditioner in all new U.S. package cars starting January 2024.

The new tentative contract will include Martin Luther King Jr. Day for workers as a paid holiday, marking the first time in company history.

Is the summer season characterized by unrest? The data indicates so.

UAW’s negotiation process involves frequent use of strike talk, prompting a labor expert to weigh in.

The impact of labor disputes on UPS’s business.

The average daily package volume of UPS was almost 10% lower than that of other regional carriers, as customers turned their attention to FedEx, the U.S. Postal Service, and other local carriers in preparation for the largest single employer strike in U.”

During the earnings call on Tuesday, Tomé conveyed his gratitude to his customers for trusting us with their business during labor negotiations and returning them to the company.

Tomé stated that the company expected the labor negotiations with Teamsters, which began in April for a new national contract, to be “late and loud.”

“Volume diversions increased significantly during the second quarter due to the increase in noise,” Tomé explained.

The decrease in daily volume caused a 7% decline in revenue for the quarter.

In order to avoid additional customer losses, 500 UPS executives held regular talks with customers to maintain their business. If the company couldn’t sustain its business, a plan would be developed by UPS to win back customers after the tentative agreement was ratified, which could come as late as August 22 when the voting on Teamster ends.

“We’re now fully committed to executing our win-back plans and exploiting the over $7 billion in available sales,” Tomé stated.

USA TODAY and the Louisville Courier Journal have written articles by Olivia Evans and Doc Louallen, respectively.

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