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Wednesday, 07/26/2023 9:47:36 AM

Wednesday, July 26, 2023 9:47:36 AM

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UPS labor deal could pressure delivery firm's annual outlook, say analysts
BY Aishwarya Nair, REUTERS - 7/26/2023

(Reuters) - A tentative labor deal between United Parcel Service ( UPS ) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts.

The five-year contract, which the head of the union claims to be worth $30 billion in new money, covers about 340,000 U.S. employees and provides wage increases, and one more paid holiday among other benefits.

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