Advocacy News – July 26, 2023
UPS and the International Brotherhood of Teamsters (Teamsters) have reached a tentative collective bargaining agreement. Their current contract expires Aug. 1 and this agreement puts to bed the possibility of a strike and allowing UPS to continue business as usual.
Why it matters: UPS and its workforce are essential to our economy. Chamber member, Anderson Economic Group, estimated a potential UPS strike could be the costliest in a century, costing the US economy more than $7 billion, with $4 billion in losses for consumers and small businesses. From package handlers and drivers to management and support staff, every role is critical to the success of the global logistics economy that many businesses rely on every day.
Last week, the MI Chamber joined over 200 organizations nationwide in encouraging the Biden Administration to help prevent a strike and lasting harm to small businesses and online retailers, amongst other catastrophic results. Now that a tentative agreement has been reached, the five-year agreement will be subject to voting and ratification by union members. Upon ratification by members, the contract will go into effect.
Go deeper: To read the final group letter, click here. To read the Anderson Economic Group study, click here. To read the UPS press release on the agreement, click here.
Contact the MI Chamber with any questions at info@michamber.com.