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

“GROW” Act: A Threat to Workers’ Pensions

A new threat to retirees and workers’ pensions was introduced in Congress last month: the misnamed “Give Retirement Options to Workers” Act. It does not give options to workers, but it could shift risk and uncertainty to some workers, and undermine stable pensions.

UPS Contract Call to Action: Teamsters United Launches Petition Drive

Teamsters United has launched a petition drive to demand a fair UPS contract and TDU activists are making plans.

View More News Posts