Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The two sides have until July 31 to come up with a deal. UPS says that 38,000 part-time employees became full-time employees from August 2018 to December 2022. The union also said it can take years for part-time workers to become full-time workers. Several part-time union workers who spoke to CNN say they believe $22-25 an hour is a livable hourly starting wage. The union is asking for higher starting and hourly wages for part-timers but would not disclose how much they are asking for. On average, part-time workers make $20 an hour, according to a UPS spokesperson. Part-timers start by earning $16.20 an hour and are eligible for a higher hourly rate after 30 days. However, they do make less than full-time employees who make on average $95,000 a year. Part-time workers, which represent 55% of the 340,000 Teamsters, are not drivers but work exclusively as package handlers and sorters in the warehouses.Ī UPS spokesperson says that part-timers receive the same benefits as full-time workers, including healthcare, a pension, and help with school tuition. UPS also said it presented the union with a “historic” economic package, but the union said that offer was not good enough, especially concerning part-time worker pay. They also agreed to do away with a two-tiered wage system for those who work during the week, as opposed to those who work on weekends. UPS agreed to put air-conditioning in new vehicles and retrofit old ones with fans. John Raoux/APĪ 10-day UPS strike could be the costliest in US historyīoth sides say about 95% of the contract has already been agreed upon. UPS workers go through a rehearsal of a pending strike at the UPS Customer Center Thursday, July 13, 2023, in Longwood, Fla. We are prepared to increase our industry-leading pay and benefits but need to work quickly to finalize a fair deal that provides certainty for our customers, our employees and businesses across the country,” UPS said in a statement Wednesday. “We are pleased to be back at the negotiating table next week to resolve the few remaining open issues. UPS is urging quick action to finalize the deal. The Teamsters National Negotiating Committee and the company will set dates soon to resume negotiations next week,” the UPS Teamsters said in a statement about the renewed negotiations Wednesday. “As thousands of UPS Teamsters practice picket, rally, and mobilize around the country, UPS bowed today to the overwhelming show of Teamster unity and reached out to the union to resume negotiations. This will be the first time the two sides have met since they walked away from the negotiating table following a marathon negotiating session over the July 4 weekend. (UPS) workers, ahead of a looming nationwide strike. (UPS) and the Teamsters union, which represents 340,000 UPS Negotiations will resume next week between UPS
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