YRC Watching Teamsters' Negotiations with UPS

July 9, 2007: By Randolph Heaster:The Teamsters union has begun contract talks with UPS that could affect the direction of future negotiations with YRC Worldwide Inc. and other unionized trucking companies.

Although the current contract with the parcel giant does not expire until the end of July 2008, bargaining has already begun in hopes of obtaining a new agreement early.

One issue that UPS has put on the table is pension benefits for the company’s 238,000 union workers. According to recent trade industry reports, UPS is seeking to exit the plan with a lump-sum payment of nearly $4 billion. The company proposes to then form a joint Teamsters-UPS pension plan for future workers.

Read More...

Get Advice Join TDU Donate

Recent News

Teamsters Say It's Time to Deliver on the Dream

TDU members are commemorating Martin Luther King Day with a national day of action to demand that UPS respect the day as a paid holiday and by telling employers it's time to deliver on the dream.

Lame-Duck IBT Leadership Appoints Tony Andrews to Replace Aloise

The IBT General Executive Board (GEB) has approved the recommendation by James Hoffa to appoint Tony Andrews as International VP for the Western Region, over the dissent of president-elect Sean O’Brien and nearly half of the GEB members.

View More News Posts