The scheduled meeting, which both sides have confirmed, would be the first since UPS labour contract negotiators deadlocked on July 5
and the Teamsters union representing 340,000 employees at the package delivery firm plan to meet on Tuesday in an effort to avert a threatened strike on Aug. 1.
While the company and the International Brotherhood of Teamsters have reached agreement on multiple issues including air conditioning on delivery vans, the union is still pushing for better wages for part-time employees who account for about half of UPS workers. Investors have joined UPS customers in urging the two sides to avoid a work stoppage that would disrupt shipments across the country and create supply-chain backups that stoke inflation.
“The vast, vast, vast majority of shareholders are eager to see a strike averted,” New York City Comptroller Brad Lander told Reuters.
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