UPS, Teamsters reach labor deal to avoid strike PUBLISHED TUE, JUL 25 202311:54 AM EDTUPDATED 32 MIN AGO thumbnail Leslie Josephs KEY POINTS UPS and the Teamsters said they reached a tentative deal on a new contract. The labor agreement is still subject to a ratification vote by the more than 300,000 workers. The preliminary deal includes wage increases for both full- and part-time workers. https://www.cnbc.com/2023/07/25/ups-teamsters-reach-contract-to-avoid-strike-union-says.html They had no choice but to meet the union demands.