Did UPS 'Pants' the Teamsters?

July 29, 2008: In the quote of the week, a CNBC host told viewers that UPS “pantsed” and “pummeled” the Teamsters in the new contract.

Here is what Jim Cramer, the host of Mad Money on CNBC, had to say:

“The company got a new labor agreement with the Teamsters, effective August 1, that will let UPS pay new drivers less than it does veterans. This is a classic example of a union hosing people who aren’t members yet, and one that could save UPS $640 million over the next five years.

“I cannot overemphasize the importance of this contract to UPS. Personally, of course, I love unions. But professionally, I love companies that have crushed unions. And UPS, you know what they just did? They pantsed the Teamsters! Jimmy Hoffa must be rolling over in his Giants Stadium grave!’”

Click here to watch the video of Cramer on Mad Money. Fast forward to the six-minute mark to hear Cramer go off on the givebacks negotiated by Jim Hoffa and Ken Hall.

Click here to read the full story at www.MakeUPSDeliver.org

Get Advice Join TDU Donate

Recent News

Dr. King's Vision of Justice

We honor the life and work of Dr. Martin Luther King, and pledge to continue growing the movements for peace, economic security, and racial and social justice that he sacrificed his life to build.

Stand Up Slate Wins in Cincinnati Local 100

Teamster members in Cincinnati Local 100 put their support strongly in the reform and ready for change camp. All twelve Stand Up candidates were victorious, defeating the incumbents in a three-way race. This marks another victory for reform minded Teamsters looking to change our union.

View More News Posts