![]() ![]() Read more: Thanks to Jeff Bezos, you can now use $100 to cash in on prime real estate - without the headache of being a landlord. We will continue to fight like hell to enforce this contract and make sure UPS lives up to every word of it over the next five years.” ![]() “There are more gains in this contract than in any other UPS agreement and with no givebacks to the company. “This is the richest national contract I’ve seen in my more than 40 years of representing Teamsters at UPS,” said Teamsters General Secretary-Treasurer Fred Zuckerman. ![]() The contract will also create 7,500 new full-time union jobs at UPS and the fulfillment of 22,500 open positions, giving more opportunities for part-timers to transition to full-time work. Under the new contract, existing full- and part-time UPS workers (in the Teamsters union) will get $2.75 more per hour in 2023 - and over the length of the contract, wage increases will total $7.50 per hour.Įxisting part-timers will get an immediate pay bump to at least $21 per hour and wage increases for full-timers will improve the average top rate of delivery drivers to $49 per hour over the course of the deal. Here’s what the landmark contract looks like - and what one UPS driver has to say about the CEO’s claim. This is the template for how workers should be paid and protected nationwide, and nonunion companies like Amazon better pay attention.” “Teamsters have set a new standard and raised the bar for pay, benefits and working conditions in the package delivery industry. This contract will improve the lives of hundreds of thousands of workers,” said Teamsters General President Sean M. “Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS. (They’re all outside of the stock market.) Worried about the economy? Here are the best shock-proof assets for your portfolio. Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. Here's how to diversify your portfolio without the headache of being a landlord Don't missĬommercial real estate has outperformed the S&P 500 over 25 years. The Teamsters union, which represents about 340,000 UPS workers, voted by an overwhelming 86.3% to ratify the new contract, which will raise wages for full- and part-time UPS workers, create more full-time jobs and secure workplace protections, like air conditioning in delivery trucks. ![]() Unionized UPS workers have accepted a new five-year contract that the company’s CEO claims will see delivery drivers earn an average of $170,000 in annual pay and benefits by the end of the five years. was founded in 1907 and is headquartered in Atlanta, Georgia.'Amazon better pay attention': UPS CEO says delivery drivers will earn $170K annually in newly ratified 'historic' contract - but this worker says that's 'a bit of an exaggeration' In addition, it offers truckload brokerage services supply chain solutions to the healthcare and life sciences industries financial and information services and fulfillment and transportation management services. The company also provides international air and ocean freight forwarding, post-sales, and mail and consulting services. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. Domestic Package and International Package. United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. Managing Director of Nigerian Operations & Special Projects Manager for West Africa Sector(s): Industrials Industry: Integrated Freight & Logistics Full Time Employees: 500,000 Key Executives NameĮVP and Chief Digital & Technology OfficerĮxecutive VP and President of International, Healthcare & Supply Chain SolutionsĮxecutive VP, Chief Legal, Compliance Officer & Corporate SecretaryĮxecutive VP and Chief Marketing & Customer Experience OfficerĮxecutive VP, Chief Diversity, Equity and Inclusion Officer & Chief Human Resources Officer ![]()
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