UPS announced this afternoon that it has reached a tentative agreement with the Teamsters Union for a new contract to replace the current one expiring on July 31. This is great news and welcome relief for hospitals and organizations nationally that have been implementing contingency plans for a strike that was scheduled to begin on August 1.
The tentative agreement includes increased wages for both full and part-time workers; a major sticking point in the negotiations. The agreement is still subject to formal approval from the nearly 340,000 UPS workers before the threat of a strike is officially lifted. It is estimated that the vote could take up to three weeks, possibly longer. For now, the strike is on hold until voting is complete.
If the Teamsters members do not approve the new agreement, a strike is still possible. This would not occur until late August at the earliest. Miga will continue to monitor these developments and provide relevant updates as they become available.