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Wednesday, July 05, 2023 6:03:26 PM
I expect UPS will cave.
United Parcel Service
— The package delivery company’s shares lost 2% as negotiations with the Teamsters union failed to make progress. The union said in a statement Wednesday that talks had collapsed after UPS “walked away” from negotiations. UPS responded that it had not walked away from negotiations and said it was encouraging the union to return to the table. The current contract, which covers about 340,000 workers, will expire at the end of July.
https://www.cnbc.com/2023/07/05/stocks-making-the-biggest-moves-midday-meta-platforms-coinbase-ups-general-motors-more.html
Fed Ex does not have a union but they pay their employees well.
United Parcel Service
— The package delivery company’s shares lost 2% as negotiations with the Teamsters union failed to make progress. The union said in a statement Wednesday that talks had collapsed after UPS “walked away” from negotiations. UPS responded that it had not walked away from negotiations and said it was encouraging the union to return to the table. The current contract, which covers about 340,000 workers, will expire at the end of July.
https://www.cnbc.com/2023/07/05/stocks-making-the-biggest-moves-midday-meta-platforms-coinbase-ups-general-motors-more.html
Fed Ex does not have a union but they pay their employees well.
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