UPS workers ratify new agreement that prevents strike

MADRID, 23 Ago.

UPS workers ratify new agreement that prevents strike


Workers in the United States of the courier and logistics giant UPS have approved by an overwhelming majority of 86.3% the collective agreement for the next five years agreed between the company and the International Brotherhood of Teamsters, the union that represents some 340,000 company employees in the country, thus eliminating the risk of strikes.

The new agreement, agreed at the end of last July, contemplates an increase in wages for full-time and part-time workers, as well as the creation of more full-time jobs and other benefits in the workplace, including air conditioning, as explained by the union.

"Our members have just ratified the most lucrative deal the Teamsters have ever negotiated at UPS. This contract will improve the lives of hundreds of thousands of workers," said Teamsters General President Sean M. O'Brien, who assured that the agreement represents "a new standard", which raises the bar for wages, benefits and working conditions in the sector.

"This is the blueprint for how workers across the country should be paid and protected, and non-union companies like Amazon better pay attention," he added.

UPS, which obtained a net profit of 2,081 million dollars (1,912 million euros) in the second quarter of 2023, which represents a drop of 27% compared to the result posted in the same period of the previous year, reviewed the lowers its annual forecasts to reflect the impact of the costs associated with the new agreement.

In this way, for the whole of 2023, UPS expects that its consolidated revenues in 2023 will be approximately 93,000 million dollars (84,582 million euros), compared to 97,000 million dollars (88,220 million euros) previously forecast, while that the adjusted operating margin will be around 11.8%, one percentage point less.