UPS and the Teamsters prepare for high-stakes talks with union contract set to expire

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UPS and the Teamsters prepare for high-stakes talks with union contract set to expire
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UPS and the Teamsters will begin talks over a new union contract in April. The union said it would be prepared to strike if no deal is reached.

But Tomé's optimism comes as the Teamsters union, which represents more than 340,000 UPS workers,"There have been a lot of articles and headlines that might cause someone to question whether or not a win-win-win is achievable," Tomé said Tuesday on the call, acknowledging talk of tougher negotiations.if a satisfactory contract is not reached. "Whether there is a strike of UPS workers is up to UPS," said Kara Deniz, a spokesperson for the Teamsters.

Even with the rumblings about a potential strike, Tomé is maintaining a positive outlook given that unionized workers "have been a part of the UPS family for more than 100 years."last negotiated a contract "We are sending a message to UPS that the days of concessions and walking all over our members are over," O'Brien said Aug. 1, when the union kicked off its national campaign in advance of negotiations.that fed a spike in UPS shipping volumes, generating high profits for the company and tougher working conditions for its employees, the union has said.

Teamsters also want to eliminate the "22.4" employee classification, which refers to workers who often work full-time hours but are officially considered hybrid and, as a result, are paid less. In general, the union is aiming to expand the number of full-time positions and put an end to subcontracting.-era shipping spike forced many to have to work a sixth day on the weekend – what the union has coined "the sixth-day punch.

Given these headwinds, UPS' path forward looks centered around cutting costs and raising prices. The company said it would reel back capital expenditures to $5.3 billion, down from the initial $5.5 billion plan they started fiscal 2022 with, focusing on leasing rather than buying some of its locations. UPS also raised shipping rates by 6.9% in December 2022.

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