Flashback August 2023 Teamsters announce a historic labor agreement with UPS.



"Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS," Teamsters General President Sean M. O'Brien said in a statement. "This contract will improve the lives of hundreds of thousands of workers."
He said the contract set a new standard for pay and benefits.

UPS workers approve 5-year contract, capping contentious negotiations : NPR (https://www.npr.org/2023/08/23/1195383661/ups-workers-approve-5-year-contract-capping-contentious-negotiations)


Today

UPS to cut 12,000 jobs


Though the earnings report did not directly mention any financial impacts from negotiations with the Teamsters (https://www.cnbc.com/2023/07/25/ups-teamsters-reach-contract-to-avoid-strike-union-says.html) in August over labor contracts, Tomé cited the talks and the macroeconomic environment more broadly as contributing to the “disappointing” year.

UPS announces 12,000 job cuts; reports drop in package volume (https://www.cnbc.com/2024/01/30/ups-reports-drop-in-package-volume-stock-tumbles.html#:~:text=UPS%20announces%2012%2C000%20 job%20cuts%2C%20says%20package,range%20from%20$92% 20billion%20to%20$94.5%20billion%2C)



ooops didn't see that coming

It is also cutting ties with Amazon.

I wonder if this will be mentioned in the Lori Chavez-DeRemer Labor Dept confirmation hearings . She is the daughter of a Teamster and very pro -union.She championed UPS workers right to strike
Teamsters Local 776 (https://www.teamsterslocal776.org/index.cfm?zone=/unionactive/view_article.cfm&HomeID=933908)