"Deadline Looms: UPS Workers Teeter on the Brink of Strike"

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Source: CBS News
"Deadline Looms: UPS Workers Teeter on the Brink of Strike"
Photo: CBS News
TL;DR Summary

The Teamsters union, representing about 340,000 UPS workers, has warned that a strike is "imminent" if the company doesn't present a significantly improved financial offer by Friday. Talks between the union and UPS have stalled, with the union calling the company's latest pay counteroffer "insulting." The union has given UPS a deadline of June 30 to bring its "last, best and final offer" to the table, putting pressure on negotiations. UPS workers have already voted to strike if an agreement isn't ratified by August 1. Pay remains a sticking point, with the union seeking significant raises and higher company contributions to the benefits fund.

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