unions

The Teamsters Union is relying on the new Congress to help stave off insolvency of its Central States Pension Fund.

The Teamsters union has said that proposed changes to a tentative contract from UPS Freight, UPS Inc.’s (NYSE:UPS) less-than-truckload unit, fails to address the grievances raised by the rank-and-file, and that the union’s negotiating committee will call a nationwide strike sometime after Nov. 12 if workers reject the company’s offer.