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After 15 days, the Teamsters and UPS came to a five-year contract agreement that ended the strike. In addition, the starting pay rate of $8 per hour for part-timers was to be raised by 50 cents, while drivers were to make an additional $3.10 on top of their average $19.95 hourly rate, and part-time workers would be granted an additional $4.10 ...
Last summer, Teamsters and UPS were engrossed in intense bargaining for a new labor contract to represent some 340,000 workers nationwide. After months of negotiations, strike threats and walking ...
UPS and the Teamsters reached a tentative deal on a new labor contract Tuesday, potentially averting what could have been a crippling strike. What it means really is up to the 340,000 rank-and ...
Hoffa intended to publish a book accusing Fitzsimmons of "selling out to mobsters" and giving large low- and no-interest loans from Teamsters pension funds to mob-related businesses. [ 42 ] [ 43 ] However, Hoffa disappeared on July 30, 1975, removing the last significant opposition to Fitzsimmons's re-election. [ 44 ]
The company created a program in which 3,600 workers who had reached the retirement age of 60 received full pension benefits, 4,000 workers aged 40–59 who had ten years with Studebaker received lump sum payments valued at roughly 15% of the actuarial value of their pension benefits, and the remaining 2,900 workers received no pensions.
The 401(k) has two varieties: the traditional 401(k) and the Roth 401(k). Traditional 401(k): Employee contributions are made with pretax dollars, lowering your taxable income. Your contributions ...
The Brotherhood of Maintenance of Way Employes (BMWE; later the Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters, BMWED) is a national union representing the workers who build and maintain the tracks, bridges, buildings and other structures on the railroads of the United States.
An overwhelming 86.3% of voting members chose to ratify the agreement that covers UPS workers in the U.S., of which there are about 340,000, according to the International Brotherhood of Teamsters.