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

Carhaulers to Vote: Jack Cooper’s Chapter 11 Reorganization as a New Company

UPDATED August 6, 2019.     Jack Cooper’s 2200 Teamsters will vote on a contract proposal for a new company, which would take over Cooper’s assets. Wages and health benefits would remain the same: the major change would be a reduction in the new employer’s pension contribution.

Carhaul Members to Vote on Concessions at Jack Cooper Transport

Teamsters employed under the national carhaul contract by Jack Cooper Transport are going to face a hard decision next week, as proposed concessions will be unveiled.

View More News Posts