United Parcel Service (UPS) announced on Tuesday that it had reached a tentative agreement on a five-year contract with the International Brotherhood of Teamsters, the union representing over 325,000 of its U.S. workers. The contract aims to provide industry-leading pay and benefits to UPS’s full- and part-time employees while maintaining the company’s competitiveness. Key TakeawayUPS reaches a tentative agreement on a five-year contract with the International Brotherhood of Teamsters, averting a potential strike. The deal includes wage increases for full- and part-time employees, with the minimum pay for part-timers rising to $21 an hour. Facts about the keyword of the news article:The United Parcel Service (UPS) reaches a tentative deal on a five-year contract with the union.

Source: New York Times July 25, 2023 19:09 UTC