ATLANTA, Ga. — Just 16 days before their current labor contract was to expire, the Teamsters have come to terms with United Parcel Service.
Terms of the new deal, which covers some 230,000 employees, are slated to be released later today. Teamsters spokesman Brent Caldwell says he expects the results of a union vote on the agreement will be available by about this time next month.
The two sides reaching an early agreement is in stark contrast to five years ago, when talks broke down and lead to a two week work stoppage, costing UPS more than $750 million in lost business.
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