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

Carhaul Contract Votes Finally Revealed

One month after the fact, the Hoffa administration has finally revealed the local-by-local vote results on the Jack Cooper contract vote of September 12. It took them one month to tally 25 numbers?

Members Elect Reformers to Rebuild 71

After Voting No against contract givebacks, members have voted out pro-Hoffa officers in Charlotte Local 71.  Members elected TDU activist Willie Ford and the Rebuild 71 Slate to lead their local. Ford beat the incumbent president by 757 to 286.

View More News Posts