Atlanta, April 24, 2014
National Master Agreement Effective April 25, 2014; Retroactive Effect to August 2013
UPS (NYSE: UPS) today was notified by the International Brotherhood of Teamsters (IBT) that the Master Agreement between UPS and the IBT was approved for implementation on April 25 for all UPS employees covered by the Agreement.
"We are pleased with this notification and we will move forward to implement the terms of the contract," said Scott Davis, UPS chairman and CEO. "This contract provides improved wage and benefit coverage for employees and offers needed stability and flexibility that will help UPS compete effectively and remain a preferred employer offering the industry's best jobs."
Key elements of the collective bargaining agreement are as follows:
Additional information about the agreement is available at www.investors.ups.com.