Contact: Bret Caldwell,
September 30, 2007
(Chicago) -- The Teamsters Union and UPS have reached a tentative agreement for a new five-year national contract for parcel workers that raises wages and will significantly increase the company's contributions to funds that provide pension and health and welfare benefits to Teamster members, Teamsters General President Jim Hoffa said today.
The agreement was negotiated during the past year, and is reached in advance of an October 1 deadline set by the union to reach an early agreement. The current contract does not expire until July 31, 2008. Upon ratification, most provisions of the new agreement will take effect on August 1, 2008.
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