UPS this weekend presented a contract proposal to the International Brotherhood of Teamsters that it said would substantially increase the benefits, pension and wages of UPS employees, who are already the highest compensated in the industry.
The proposal covers 230,000 of the 330,000 UPS employees in the United States. In addition to providing wage increases, UPS's offer includes increases in the contributions made for full-time employees' health and welfare and pension plans as well as enhancements to the health and welfare and pension plans UPS provides its part-time employees. The offer also increases the number of full-time positions.
"This latest of many proposals is a very generous offer, one we would be proud to show our employees," said UPS senior vp Chris Mahoney. "We hope Teamster leaders realize the impact of these negotiations on the future of UPS and our employees. Neither the Teamsters nor UPS has anything to gain by prolonging these talks. The time to act is now."
The Teamsters have not issued a statement about the latest offer.