YRC Worldwide Inc. said May 1 its first-quarter loss nearly tripled due to factors such as winter weather and claims costs.
April 28, 2014: The Northeast Ohio Committee to Protect Pensions is uniting retired and active Teamsters to take action to protect our pensions.
United Parcel Service Inc. on Thursday said that it will record a $1.05 billion pre-tax charge in the second quarter as it moves the remaining 125,000 unionized package delivery employees off its own health-care plan and into multi-employer health-care plans.
The move will fundamentally change the way UPS pays for its union members' health plans. Instead of being committed to providing benefits on UPS's own plan, it will now pay funds into multi-employer health-care plans, union-run plans that are financed by the workers' employers.
UPDATED April 28, 2014: One thousand Teamsters joined a conference call Saturday. Get the latest information on Hoffa-Hall over-riding the contract votes at UPS, including a leaflet and FAQs and find out what members are doing next.
April 25, 2014: Ken Hall promised, “The more they make, the more we take.” But Wall Street analysts say UPS will save $500 million in labor costs under the weak contract imposed by Hoffa and Hall.
The Teamsters Union has imposed the UPS Inc. small-package contract on all 235,000 unionized UPS employees despite repeated objections by several Teamster locals, including the largest in the UPS system.
A national Conference Call will be held on Saturday to discuss the imposition of the UPS contract by Hoffa and Hall, including concessionary supplements and riders that were overwhelmingly rejected by Teamster members.
UPS Inc. reported lower first-quarter income from a year ago, citing severe weather and higher expenses.
April 24, 2014: One day after the International Union announced it is imposing concessions on 13,000 UPS Teamsters, the company announced it made first quarter profits of $911 million.
The national union representing United Parcel Service Inc. employees overrode three local bargaining units that had delayed approving parts of a five-year national contract with the delivery company.