UPS Inc. and the Teamsters union will return to the bargaining table next week after what will be a roughly three-week hiatus in an effort to hammer out a new five-year term contract just days before the old one expires.
In a statement, UPS (NYSE: UPS) said that “we are pleased to be back at the negotiating table next week to resolve the few remaining open issues. We are prepared to increase our industry-leading pay and benefits, but need to work quickly to finalize a fair deal that provides certainty for our customers, our employees and businesses across the country.”
In its own statement, the Teamsters said UPS had agreed to resume talks after buckling to pressure from the union.
Talks stalled July 5 over the issue of part-time wage increases.
The Teamsters have said they will strike Aug. 1 if a contract isn’t accepted by the union’s negotiating committee. Should union negotiators agree to a handshake deal, work is expected to continue until the 340,000 rank and file review and ratify the agreement. That process is likely to take about three weeks, the union has said.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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