UPS and Teamsters officially approve deal

As anticipated, UPS employees represented by the International Brotherhood of Teamsters have approved the new six-year contract that was negotiated in July. According to the union, the agreement was ratified by a margin of better than 70%. The new contract, which covers approximately 230,000 UPS employees in the U.S., is retroactive to August 1. "This vote reflects recognition by our employees that

Tim Parry

Aug. 30, 2002

As anticipated, UPS employees represented by the International Brotherhood of Teamsters have approved the new six-year contract that was negotiated in July.

According to the union, the agreement was ratified by a margin of better than 70%. The new contract, which covers approximately 230,000 UPS employees in the U.S., is retroactive to August 1.

"This vote reflects recognition by our employees that this is a fair and balanced agreement that rewards them for their hard work, while allowing the company to remain competitive," said UPS chairman & CEO Mike Eskew.