Posted on 07/25/2023 9:50:46 AM PDT by DallasBiff
UPS -2.21%
United Parcel Service (UPS) and the International Brotherhood of Teamsters reached a tentative new five-year collective bargaining agreement covering approximately 330,000 delivery and warehouse workers.
The agreement, if finalized, would avert the largest single strike against a company in US history and an estimated $7 billion hit to the US economy.
The union's current contract with the delivery giant expires Aug. 1, and the Teamsters had threatened that drivers would walk off the job without a deal. Talks between the two sides restarted today after stalling earlier in the month.
"We’ve reached a win, win, win agreement," a UPS spokesperson said in an email to Yahoo Finance. The company added that it will update its guidance concerning the agreement, including its projected cost, during its second quarter earnings call on August 2.
(Excerpt) Read more at finance.yahoo.com ...
Is Amazon non-union?
If it is, it won’t be for long.
“We’ve reached a win, win, win agreement,”... a UPS spokesman said...
Then, it’s probably a lose, lose, lose agreement for the consumer.
Yes, Amazon is non union, and opposes unionization efforts.
Expect UPS rates to go up.
When I worked for UPS in 97 there was a 16 day strike. Don’t know if the corporate culture of UPS has changed much since, but in the late 80s and 90s they would wanna punch the employees in the mouth, so to speak, and every contract seemed like it was moving close to a strike. Still, I’d say UPS is much fairer to their employees then Amazon or Walmart though UPS is union.
100% right.
Still,. UPS is the best alternative. FedEx is also up there. USPS has lost/damaged more shipments than I can count to.
Did some construction business with UPS. I remember in one meeting the owner of my company told the area construction executive for UPS that he wanted him to understand that after this project was concluded, we nor anyone on our team would ever do business with UPS again — ever. We had people in the mob that we regarded more honest.
After the UPS contract was settled in 97, the union took UPS into arbitration because they were not giving the full-time jobs they had agreed to in the contract. UPS lost and had to create the jobs immediately and give back-pay to the employees made full time.
UPS did have an equivalent rival in the late 90s-early 2000s. Roadway Package Express, owned by the Roadway trucking company. RPS operated in the same markets as UPS and often matched them on rates/service. Apparently the Yellow-Roadway merger put an end to RPS. And DHL (which is owned by the German Post Office) attempted to compete with UPS in the domestic markets for a while - now DHL is mostly International shipments.
Management sometimes is their own worst enemy....hence the creation of unions in the first place. Not a fan of unions, but not a fan of unscrupulous, greedy, malicious management either. I’ve dealt with both, good and bad. The flaws in the human condition often surface when greed and power are entangled. Sad.
My uncle long deceased explained his teamster membership one day to my parents (about 1960):
“yeah they are crooked as hell but they are honest about it and that is why I am a teamster”.
I liked that as explained by a working man.
I’ve worked union (UPS) and non-union (WalMart, Amazon). I know many here won’t like to hear it but I preferred working union. Not saying there isn’t corruption in unions but at least the little guy has a bit of muscle behind him. When I was there, I thought Walmart and Amazon were horrible to their employees, setting unrealistic productivity goals, riding them constantly. One employee of Amazon said: They just want you to destroy your body and then they kick you to the curb.
Not blaming these companies totally, this is about a bigger issue in society. Godless secularism results in materialism and an insane push for profits which results in the worker being reduced to an object to be used and discarded. Anti-God secularism spawns so many evils in society.
Apparently some companies don't give a darn about profits, like FOX firing Tucker, Bud with Bud Light etc.
I spent a lot of my career in Kansas City and knew all about the Central States Pension Fund, I fact I knew some of the “guys” that handled it in the 70s. In the late sixties and early 70s I was a kid and people ignored “Kids” so I heard and saw a lot.
UPS has delivered almost perfect service, next is USPS.
FEDEX is the worst. 80-90% late, and 10% lost.
“FOX”
Not sure how conservative the Murdochs actually are. Lot of fabulously wealthy people live in cocoons and are defenders and practitioners of insane, bohemian lifestyles.
Is part of the agreement that USPS will help democrats win the election in ‘24?
Wonder what they got.
Before the strike:
Part time driver was $20 and full benefits;
Full time driver was $100,000 and full benefits.
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