• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»UPS, Teamsters accuse each other of walking away from contract talks
Business

UPS, Teamsters accuse each other of walking away from contract talks

July 6, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
  • UPS, Teamsters Union at an impasse over new contract
  • Contract covering some 340,000 workers expires on July 31
  • UPS sweetened offer last week, union says not enough
  • Retail industry bodies urge parties to continue talks

July 5 (Reuters) – The Teamsters Union said on Wednesday United Parcel Service “walked away” from negotiations over a new contract, a claim the shipping giant denied, lobbing its own accusation that the union had stopped negotiating.

The two sides traded salvos in early morning statements as they attempt an agreement to prevent a strike when the current contract, which covers some 340,000 workers, expires at the end of the month.

Workers of UPS have already authorized a strike should the talks break down. Such a labor action would be the first since 1997 for UPS workers, in a strike that lasted 15 days, cost the company $850 million and sent some customers to rivals

Both the union and company officials have said before that they wanted a deal finalized to prevent a strike, which could put millions of daily deliveries at risk.

If a strike happens, UPS may struggle to get back the volumes it loses to rival FedEx (FDX.N), said Satish Jindel, president of logistics consulting firm ShipMatrix, as both delivery firms are facing weak e-commerce demand.

“Now UPS handles about 20 million (packages) a day, and FedEx is handling 12 million. So they have capacity for three or four million easily without sweating. And they would love to keep it,” Jindel said.

WORKERS’ BARGAINING POWER

After missing out on wage increases during the pandemic, unions are now pushing back on contract offers from companies grappling with labor shortages, seeking higher pay and better working conditions.

See also  China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth

“The Teamsters have stopped negotiating despite UPS’s historic offer that builds on our industry-leading pay,” the company said, adding that the union should return to negotiations.

United Parcel Service and the Teamsters hold a rally before before the beginning of the largest U.S. private sector labor contract talks covering more than 330,000 U.S. drivers, package handlers and loaders at the global delivery firm, in Orange, California, U.S. April 15, 2023. REUTERS/Aude Guerrucci

The union had earlier in the day said UPS made an offer that was unanimously rejected and that the company had “walked away from the bargaining table.”

“UPS had a choice to make, and they have clearly chosen to go down the wrong road,” said Sean O’Brien, general president at the Teamsters, which represents roughly 340,000 full- and part-time U.S. drivers, package handlers and loaders at the company.

UPS sweetened its offer last week, but O’Brien said it did not go far enough to reward workers who risked their lives to keep packages moving during the early days of the COVID-19 pandemic that fueled big profits for the company.

Reuters Graphics

“Refusing to negotiate, especially when the finish line is in sight, creates significant unease among employees and customers and threatens to disrupt the U.S. economy,” UPS said on Wednesday.

Meanwhile, the National Retail Federation (NRF) urged the company and the union to continue talks and avert a strike.

“The NRF is disappointed by the breakdown in negotiations earlier today…avoiding a strike or other disruptions as we enter the peak shipping season for the holidays is critical for retailers,” said Jonathan Gold, vice-president for supply chain and customs policy at the trade body.

In case of a strike, retailers are looking to lean on the diversified delivery options they had chalked out during the disruptions caused by the pandemic.

“There are a lot of other tools in the toolbox that retailers have, including in-store pickup, crowdsource deliveries and other delivery services,” said Jessica Dankert, vice-president of supply chain at Retail Industry Leaders Association.

See also  US producer inflation muted; labor market still tight

Shares of UPS closed down 2% at about $180.

Reporting by Jahnavi Nidumolu, Abhijith Ganapavaram, Shivansh Tiwary, Granth Vanaik in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Maju Samuel and Arun Koyyur

: .

Abhijith Ganapavaram

Thomson Reuters

Abhijith leads a team of reporters who cover aviation, legacy automakers, conglomerates, transportation and travel in the United States. An economics graduate, Abhijith has written stories across the manufacturing file with a focus on the aviation industry. In his previous role, he was part of the team that won the Reuters Jounalist of the Year award under the speed category.
Contact:+91-9019785574

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘His Hypocrisy Convinces No One’

January 6, 2024

Janet Yellen Says US Will Not Seek To ‘Decouple’ From China

December 15, 2023

Global Markets Recoup Some Of Their Losses After Monday’s Sell-Off

August 6, 2024

‘Harry Potter’ Star Emma Watson Thanks the Planet Saturn for Changing Her Life

April 22, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Tips For Optimal Digestive Wellness 

July 10, 2024

Hazing Allegations Against Northwestern Reportedly Ratcheted Up With New Lawsuits And Graphic Details

July 25, 2023

Disney Seeking $330,000 Crisis PR Exec amid LGBTQ Controvesies

September 2, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.