The Teamsters union said via Twitter: “Around 4AM, UPS walked away from the bargaining table after presenting an unacceptable offer to the Teamsters that did not address members’ needs. The UPS Teamsters Nat’l Negotiating Committee unanimously rejected the package. Following marathon negotiations, UPS refused to give the Teamsters a last, best, and final offer, telling the union the company had nothing more to give.” “This multibillion-dollar corporation has plenty to give American workers – they just don’t want to,” said Teamsters General President Sean M. O’Brien. “UPS had a choice to make, and they have clearly chosen to go down the wrong road.” The UPS Teamsters contract covering more than 340,000 full- and part-time workers expires July 31. No additional negotiations are scheduled.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UPS:
- United Parcel (NYSE:UPS) Drops as Workers’ Strike Looms Large
- Despite Strikes and an Economic Slowdown, Amazon (NASDAQ:AMZN) Still Rules
- UPS call volume above normal and directionally bullish
- Ree Automotive announces Rose appointed to board of directors
- FedEx price target lowered to $255 from $263 at Loop Capital
