Wall Street Journal: UPS, Teamsters Near Pension Deal

September 29, 2007: United Parcel Service Inc. and the Teamsters union are closing in on a labor agreement that would restructure and possibly lower the company's pension obligations.

The two sides are trying this weekend to finish hammering out a deal in which the Atlanta package-delivery giant would pull out of the Central States Pension Fund, the largest multiemployer program in the trucking industry.

Read more in the Wall Street Journal


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Why a No Vote Does Not Mean a UPS Strike

The International Union is trying to scare UPSers into accepting contract givebacks by sending out a new postcard that threatens members with the possibility a strike at UPS. A No Vote does not mean a strike at UPS. Here’s why.

UPS & UPS Freight Deals Increase Subcontracting

One of the biggest lies in Hoffa’s Vote Yes campaign is that the UPS and UPSF contracts represent a victory over subcontracting. That’s a joke.

View More News Posts