UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike | CNN Business

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UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike | CNN Business
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UPS and the Teamsters reach a tentative deal on a new contract, potentially avoiding a crippling strike

“We’ve changed the game, battling it out day and night to make sure our members won an agreement that pays strong wages, rewards their labor, and doesn’t require a single concession,” said Teamsters President Sean O’Brien in a statement. “This contract sets a new standard in the labor movement and raises the bar for all workers.” The deal comes as the American labor movement has grown increasingly energized and empowered.

Satish Jindel, president of ShipMatrix, a software provider that works with parcel shippers, had estimated that UPS might get back only 70% of its normal business if a strike had taken place. Strike could still happen But the threat of a strike is not over. There is still lingering anger among many Teamsters, and even with the increases in pay and other wins at the bargaining table membership could vote down this deal.

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