Market Overview

UPS Employees Approve New Contract

UPS (NYSE: UPS) employees represented by the International Brotherhood of
Teamsters have voted to approve a new contract. While the National
Master contract was approved, the union today informed the company that
the agreement covering UPS Freight employees and some local agreements
will require additional negotiation.

"It will be 'business as usual' while UPS and the IBT resolve remaining
issues and Teamster represented employees ratify new agreements," said
John McDevitt, UPS Sr. Vice President, Human Resources and Labor
Relations.

The National Master contract, which covers approximately 235,000 full-
and part-time employees in the United States, was negotiated well in
advance of the current contract's expiration of July 31, 2013,

See full press release

Posted-In: News Guidance Contracts Management Global

 

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