Teamsters: 'UPS violates national contract with plan for buyouts'
PRESS RELEASE UPS Violates Teamsters National Contract With Plan for Buyouts (WASHINGTON) – United Parcel Service (UPS) is ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
Contract negotiations continue at UPS, and it seems that a two-tiered wage structure is on the table. The Wall Street Journal reports that the move is designed to allow UPS to hire lower-paid workers to cater to surging e-commerce volumes and the demand for weekend deliveries. Basically, such a system would allow the delivery company to sidestep costly overtime rates. A Teamsters spokesperson admitted the proposal was being considered within wider negotiations but said no agreement had been reached.
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