UPS Chief Warns of Potential Impact of Expensive New Labor Agreement in First Year

UPS Chief Says Year One of Pricey New Labor Deal Will Hurt Most By Thomas Black, Bloomberg News (Bloomberg) — United Parcel Service Inc. will pay out the biggest portion of its new, five-year labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, making […]

UPS CEO Anticipates Sharp Impacts from Costly Initial Year of New Labor Agreement

UPS Chief Says Year One of Pricey New Labor Deal Will Hurt Most Labor Agreement Impact on UPS United Parcel Service Inc. (UPS) is facing a challenging upcoming year as it grapples with the cost implications of its new, five-year labor agreement. CEO Carol Tomé acknowledged that the company will pay out a significant portion […]