Contract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday with each side blaming the other for walking away from talks.
The Teamsters have imposed several deadlines for United Parcel Service negotiators to make their “last, best and final” offer to its unionized workers in recent days. Union officials said Wednesday that UPS “walked away from the bargaining table after presenting an unacceptable offer,” specifically with regard to the economic package.
Whichever the case, talks are at a stalemate with the end of the contract — midnight on July 31 — rapidly approaching. Teamster-represented UPS workers voted for a strike authorization last month and union chief Sean O’Brien said last week that a strike was imminent. The company says it delivers the equivalent of about 6% of nation’s gross domestic product. That means a strike would carry with it potentially far-reaching implications for the economy, particularly the supply chain, which has just begun to recover from pandemic-related entanglements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teamsters Say Contract Talks Have Collapsed After UPS Made 'Unacceptable Offer'“This multibillion-dollar corporation has plenty to give American workers—they just don't want to,' said Teamsters president Sean O'Brien.
Read more »
UPS, Teamsters accuse each other of walking away from contract talksThe Teamsters Union said on Wednesday United Parcel Service 'walked away' from negotiations over a new contract, a claim the shipping giant denied.
Read more »
UPS stock falls as accusations fly over 340,000-employee Teamsters contract talksUPS Corp. stock is down 2.7% in premarket trades on Wednesday after the UPS Teamsters National Negotiating Committee said the company provided an...
Read more »
Stalemate: UPS, Teamsters contract talks break down with each side blaming the otherContract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday morning with each side blaming the other for walking away from talks.
Read more »
UPS's stock snaps win streak after Teamsters say talks collapse due to 'unacceptable' contract offerUPS's stock dropped Wednesday, after the Teamsters said the delivery giant 'walked away' from talks after its labor contract offer was unanimously rejected.
Read more »