UPS Teamsters overwhelmingly authorize strike if no deal is reached by August 1 | CNN Business

The members at the country’s largest delivery service voted 97% in favor of authorizing a strike to start on August 1, if there is no agreement in contract talks now taking place between the company and the union. The Teamsters represent more than 340,000 UPS logistics warehouse workers and package delivery drivers nationwide. “This vote shows that hundreds of thousands of Teamsters are united and determined to get the best contract in our history at UPS.

Wages still key issue in talks The union said that it has reached tentative agreements on more than 40 other issues as well, but that there is still a lot of work to be done to reach a deal, particularly on wages. The Teamsters haven’t publicly disclosed the wage increase they are seeking, but they point to record profits that UPS recorded in recent years. UPS profits have nearly doubled during the five-year life of the current contract, from an adjusted net income of $6.

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