A UPS strike by 185,000 workers 25 years ago brought the logistics giant’s operations to a standstill. The 15-day strike slashed package deliveries, overwhelmed the US Postal Service and FedEx, and hurt businesses across the United States. Now, more than 340,000 UPS workers represented by the Teamsters union are threatening to strike over pay, hours and working conditions if there is no agreement in contract talks between the company and the union.
Odds of a strike UPS delivers about a quarter of all US packages to their final destination, according to Pitney Bowes, a global shipping and logistics firm, and there is not enough capacity in the market to replace UPS. And its share of shipments is even greater than that number indicates, since many of the packages being delivered by the US Postal Service are moved by UPS. Overall, UPS handled 18.7 million domestic packages a day on average in the first three months of this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teamsters will likely authorize a UPS strike Friday | CNN BusinessMembers of the Teamsters union are almost certain to approve a massive strike at UPS in a vote concluding Friday. A prolonged work stoppage could severely damage the economy – but a strike is still more than seven weeks away, if it happens at all.
Source: CNN - 🏆 4. / 95 Read more »
UPS Teamsters overwhelmingly authorize strike if no deal is reached by August 1 | CNN BusinessMembers of the Teamsters union voted overwhelmingly to authorize a strike at United Parcel Service in a vote announced Friday. But a strike is still more than seven weeks away, if it happens at all.
Source: CNN - 🏆 4. / 95 Read more »
New report flashes a warning light over 401(k) account balances | CNN BusinessThe average balance in employer-sponsored savings plans last year was $112,572 — well below the $141,542 recorded in 2021.
Source: CNN - 🏆 4. / 95 Read more »
Reddit users revolt and why changing jobs is so scary | CNN BusinessThe Washington Post’s Taylor Lorenz tells “Nightcap’s” Jon Sarlin why Reddit users are protesting the social media platform’s policies. Plus, CNN’s Peter Valdes-Dapena explains what Tesla’s EV charging win really means for drivers. And the Atlantic’s Arthur Brooks shares why changing jobs can feel less dramatic if you manage your expectations. To get the day’s business headlines sent directly to your inbox, sign up for the Nightcap newsletter.
Source: CNN - 🏆 4. / 95 Read more »
Mercedes is bringing ChatGPT into its cars | CNN BusinessMercedes-Benz and Microsoft have agreed to add ChatGPT to Mercedes-Benz cars in the United States. ChatGPT is Microsoft’s “generative artificial intelligence” software that can engage in realistically human-like dialog.
Source: CNN - 🏆 4. / 95 Read more »