August 11, 2010: When Hoffa and Hall inked the current contract with UPS, the company was making record profits of more than $6 billion a year. The reward for working Teamsters was a 35¢ raise.
To add insult to injury the contract also included no COLA in 2008. That year, UPS Teamsters were entitled to a 15¢ COLA because of skyrocketing food and fuel costs. We got nothing.
In all, the 2008 contract had more concessions than any UPS deal since 1982.