IBT / UPS reach tentative agreement

[Skeeter Barnes]

WASHINGTON, April 25, 2013 /PRNewswire-USNewswire/ -- The Teamsters Union announced today that it has reached tentative agreements with UPS [NYSE: UPS] on new five-year national contracts for package and freight workers that protect their health care benefits, provide substantial wage increases and significantly raise contributions to pension and health and welfare benefits.

The tentative agreement covering UPS package employees moves 140,000 workers into Teamster-controlled health plans from company plans to maintain current strong benefits for all UPS Teamsters while growing the funds for Teamsters in all industries into the future.

"These are solid tentative agreements that all Teamsters at UPS and UPS Freight can be proud of," said General Secretary-Treasurer Ken Hall, Co-Chairman of the Teamsters National Negotiating Committees and Package Division Director. "I am pleased to announce that we have achieved our members' priorities of preserving their excellent health care benefits and protecting them into the future while also strengthening their pensions and providing pay raises."

The tentative agreements were reached well in advance of the July 31, 2013 expiration dates for the current, five-year contracts, which cover nearly 250,000 workers at UPS and UPS Freight. The UPS contract is the largest collective bargaining agreement in North America.

[link:http://money.msn.com/business-news/article.aspx?feed=PR&Date=20130425&ID=16402376&topic=TOPIC_CONTRACTS&isub=1|

[Skeeter Barnes]

1. How do you post links on this forum?

I posted a link but it doesn't show up.

[LiberalAndProud]

2. Just copy and paste the URL.

Good for UPS, my second-favorite carrier right after the USPS.

[Skeeter Barnes]

3. I did that but it didn't show up in my post.

will try again....

http://money.msn.com/business-news/article.aspx?feed=PR&Date=20130425&ID=16402376&topic=TOPIC_CONTRACTS&isub=1

There it goes!

[LiberalAndProud]

4. Nice link!

For UPS Freight, the tentative agreement resolves subcontracting issues by putting all laid-off road drivers back to work. UPS Freight workers will receive substantial wage increases and lower co-pays for health insurance. The agreement provides the ability for more part-time workers to become full time.

This is excellent news.