![]() ![]() CNBC's Melissa Repko contributed to this report. On Monday, pilots at UPS rival FedEx rejected a tentative labor deal, with 57% voting against the agreement. Some recent labor negotiations haven't yielded new contracts, despite preliminary deals. "Retailers rely on stability within their supply chains, and this agreement will bring long-term stability, as well as assurance to the millions of businesses and employees who rely on smooth and efficient last-mile delivery." "UPS is a major partner of the retail industry, and we are grateful it came to an agreement with the Teamsters without disruption to the marketplace," Matthew Shay, CEO of the trade group, said in a statement. The National Retail Federation cheered the tentative agreement. The labor stoppage could have rippled throughout industries like retail that rely heavily on the package delivery giant. Teamsters-represented UPS employees voted to authorize a strike after July 31 if the two sides didn't reach an agreement. Workers still need to ratify the tentative deal. "This agreement continues to reward UPS's full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive, serve our customers and keep our business strong." "Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers," UPS CEO Carol Tomé. ![]() The deal would also end mandatory overtime on drivers' days off, according to an outline of the contract provided by the Teamsters. Current workers will get $2.75 more an hour this year and $7.50 an hour more during the five-year contract. Full-time workers will average $49 an hour. Part-time pay was a sticking point in negotiations. We demanded the best contract in the history of UPS, and we got it," he said in a statement.Įxisting part-time workers will get a raise to at least $21 an hour, if workers approve the new contract, the union said. "The union went into this fight committed to winning for our members. The agreement is worth $30 billion, according to Teamsters General President Sean O'Brien. From CDL Life: A trucker-founded anti-vaccine mandate protest is seemingly in the works for the end of this month according to several trucker social media groups. Personal Loans for 670 Credit Score or Lower Word spread that truckers across America vowed to stop driving their trucks for at least one day on the same date, 8/31. ![]() Personal Loans for 580 Credit Score or Lower UAW Vice President Rich Boyer told CNBC that negotiations are ongoing and will continue in hopes of getting a deal before the deadline. If no agreement is reached, the union will take appropriate action, he said.Best Debt Consolidation Loans for Bad Credit "It also protects the Company's future ability to continue to compete globally in an industry that is rapidly transitioning to electric vehicles." "This is a responsible and strong offer that positions us to continue providing good jobs for our employees today and in the next generation here in the U.S.," said Mark Stewart, chief operating officer of Stellantis's North America unit. In addition, the proposal would make Juneteenth a paid holiday for workers covered by the deal. Stellantis's offer also provides its UAW-represented employees with a $6,000 one-time "inflation protection payment" in the first year of the deal, and a total of $4,500 in additional payments over the following three years. The UAW has never in its history called major strikes simultaneously against all three companies. Union leaders have threatened strikes if no deal is in place by that time. The current contracts between the UAW and the three Detroit automakers will expire at 11:59 p.m. Personal Loans for 670 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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