Current:Home > StocksUPS strike "imminent" if pay agreement not reached by Friday, Teamsters warn -Mastery Money Tools
UPS strike "imminent" if pay agreement not reached by Friday, Teamsters warn
View
Date:2025-04-13 15:04:29
The union representing UPS workers has warned that a strike is "imminent" if the company doesn't come to the table with a significantly improved financial offer by Friday.
The Teamsters union, which represents about 340,000 UPS workers, has been negotiating with UPS for months on a new contract. But talks have stalled, according to the labor union, which called UPS' latest counteroffer on pay "insulting."
Earlier this week, Teamsters gave the company a deadline of Friday, June 30, to bring its "last, best and final offer" to the table, putting pressure on negotiations ahead of what could be the largest single-company strike in U.S. history.
- UPS workers vote to strike, setting stage for biggest walkout since 1959
- Here's what the potential UPS strike could mean for your packages
"The world's largest delivery company that raked in more than $100 billion in revenue last year has made it clear to its union workforce that it has no desire to reward or respectfully compensate UPS Teamsters for their labor and sacrifice," the union said in a statement.
In a statement, UPS said it improved on its initial offer and remains "at the table ready to negotiate."
"Reaching consensus requires time and serious, detailed discussion, but it also requires give-and-take from both sides," the company said.
Practice pickets forming
UPS workers voted overwhelmingly this month to strike if an agreement isn't ratified by August 1. The June 30 deadline is intended to give members time to ratify the contract, which a majority of workers must do for the contract to take effect.
"We want to have a contract in place August 1 with more money," said Kara Deniz, a spokesperson for the national union.
Local leadership in places including Boston; Des Moines, Iowa, and Warwick, Rhode Island, have been holding so-called practice pickets to prepare for a potential walkout and to put more pressure on the company.
"If UPS wants to make 1997 style offers it should be ready for a 1997 style strike," a local leader said on an organizing call Wednesday.
Standstill on pay raises
The two sides have come to agreements on a number of non-economic issues, including air conditioning in UPS delivery vehicles — something drivers have long demanded. But pay remains a sticking point, with the union seeking significant raises and higher company contributions to the benefits fund.
According to union leadership, UPS wants a contract that keeps overall labor costs the same — meaning, if workers want higher pay, they'll need to give up something else. The company declined to comment on the specifics of its current offers.
UPS workers' pay starts at around $15 an hour and can go up to $38 for longtime employees, although pay for more recently hired employees caps out at a lower level.
- In:
- Strike
- UPS
veryGood! (11)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Meet Leo, the fiery, confident lion of the Zodiac: The sign's personality traits, months
- Mattel introduces its first blind Barbie, new Barbie with Down syndrome
- Reese's Pumpkins for sale in July: 'It's never too early'
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Team USA Women's Basketball Showcase: Highlights from big US win over Germany
- Old Navy Jeans Blowout: Grab Jeans Starting at Under $14 & Snag Up to 69% Off Styles for a Limited Time
- Wisconsin, in a first, to unveil a Black woman’s statue in its Capitol
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Dream Ignited: SCS Token Sparks Digital Education and Financial Technology Innovation
Ranking
- Meet first time Grammy nominee Charley Crockett
- Man pleads guilty to bribing a Minnesota juror with a bag of cash in COVID-19-related fraud case
- Kamala Harris' economic policies may largely mirror Biden's, from taxes to immigration
- Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- How the WNBA Olympic break may help rookies Caitlin Clark and Angel Reese
- China says longtime rival Palestinian factions Hamas and Fatah sign pact to end rift, propose unity government
- Famed guitarist Slash announces death of stepdaughter in heartfelt post: 'Sweet soul'
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
SBC fired policy exec after he praised Biden's decision, then quickly backtracked
Gunman opens fire in Croatia nursing home, killing 6 and wounding six, with most victims in their 90s
Salt Lake City celebrates expected announcement that it will host the 2034 Winter Olympics
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Indiana’s three gubernatorial candidates agree to a televised debate in October
University system leader will be interim president at University of West Georgia
She got cheese, no mac. Now, California Pizza Kitchen has a mac and cheese deal for anyone