InvestorsHub Logo

MiamiGent

07/13/23 2:37 PM

#15 RE: MiamiGent #14

UPS strike in US could be costliest in at least a century
BY Lisa Baertlein, REUTERS

https://stockcharts.com/h-sc/ui?s=UPS

(Reuters) -A threatened U.S. strike at United Parcel Service ( UPS ) could be "one of the costliest in at least a century," a think tank specializing in the economic impact of labor actions said on Thursday.

Potential losses from a 10-day strike at the world's biggest package delivery company could top $7 billion, according to an estimate from Michigan-based Anderson Economic Group (AEG). That number includes UPS customer losses of $4 billion and lost direct wages of more than $1 billion.

(con't)