UPS, Teamsters Agree on New Five-Year Contracts
New Accords Cover Small Package and Freight Groups
ATLANTA -- April 25, 2013
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
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