A UPS driver use pulls away after making a delivery in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Images
UPS‘ CEO said drivers at ones desire average $170,000 in pay and benefits such as health care and pensions at the end of a five-year contract that the delivery giant eradicated with the Teamsters Union last month, averting a strike.
The tentative agreement covers some 340,000 labourers at the package carrier. They are in the middle of a ratification vote that began Thursday and ends Aug. 22.
“We expect our new labor get to be ratified in 2 weeks,” UPS CEO Carol Tomé said on an earnings call Tuesday.
The company cut its full-year revenue and margin forecasts “first of all to reflect the volume impact from labor negotiations and the costs associated with the tentative agreement.”
The tentative distribute would raise part-time workers’ wages to at least $21 an hour. Their pay was a sticking point during discussions. Full-time workers will average $49 an hour, and the agreement would end mandatory overtime on drivers’ days off, concurring to a summary posted by the Teamsters Union.
The deal is the latest large wage increase won in labor negotiations. Workers from aeronauts to aerospace manufacturing employees have recently pushed for and won higher pay.
