UPS Employees Approve National Master Contract
WASHINGTON, D.C., Nov. 20, 2007 – UPS (NYSE:UPS) employees represented by the International Brotherhood of Teamsters have voted to approve a new contract negotiated earlier this fall.
The UPS National Master Agreement was approved by 65% of the voting employees. The union today also informed the company that there were five local supplemental or rider agreements that did not receive a majority vote.
The master contract, which covers approximately 240,000 full- and part-time package workers in the United States, was negotiated nearly a year in advance of the current contract's expiration on July 31, 2008, and will extend contract coverage to July 31, 2013.
"We are gratified to hear that our Teamster-represented employees have approved the new National Master Agreement," said Mike Eskew, UPS's chairman and CEO. "Both sides now are committed to addressing any local issues as necessary. This is part of the normal process."
UPS, which celebrates its 100th anniversary in 2007, is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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