Press release from Business Wire
UPS, Teamsters Agree on New Five-Year Contracts
<p class='bwalignc'> <i><b>New Accords Cover Small Package and Freight Groups</b></i> </p>
Thursday, April 25, 2013
UPS, Teamsters Agree on New Five-Year Contracts21:15 EDT Thursday, April 25, 2013
ATLANTA (Business Wire) -- UPS (NYSE:UPS) today announced that it has reached a tentative agreement with the International Brotherhood of Teamsters (Teamsters) on two, new five-year contracts in the small package and freight business units. The tentative contracts, which must be presented to the UPS Teamster-represented employees for ratification, were concluded well in advance of the July 31, 2013, expiration of the current contracts.
“These agreements are a ‘win-win-win' for our people, customers and shareholders,” said Scott Davis, UPS chairman and CEO. “The fact that we have reached agreements well before our current contracts expire is a testament to the skills and determination of all those involved in these negotiations.”
The new contracts enable UPS to remain highly competitive, customer- focused, and positioned to deliver transformative technologies in such areas as healthcare logistics and e-commerce on a global scale.
Upon ratification, the new agreements will take effect on August 1, 2013.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Andy McGowan, 404-828-4663