Teamsters Secure New Labor Contract with UPS

The Teamsters, which represents roughly 340,000 UPS workers nationwide, voted to ratify the tentative agreement reached with UPS on a new five-year labor contract. This prevents what would have been the largest single-employer strike in U.S. history. Teamsters voted 86.3% to ratify the collective bargaining agreement. The new contract promises higher wages and 60 other changes and improvements for Teamsters members. Existing full- and part-time UPS Teamsters will see wage increases of $2.75/hour in 2023 and $7.50/hour over the length of the contract. Existing part-timers' hourly pay will be raised to no less than $21 immediately. The labor agreement avoids potential disruption to UPS operations and the U.S. supply chain that would have resulted from a strike involving the 340,000 Teamsters members.