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The way in which the union was structured meant that all Teamsters would receive synonymous benefits, regardless of what company they actually worked for. These benefits were controlled by the Teamsters multi-employer pension fund. UPS wanted to back out of the plan, and offer their workers a new pension plan that UPS would control. [6]
If 340,000 UPS workers walk off the job Aug. 1, it would be the largest strike against a single business in US history. UPS and Teamsters restart contract talks Tuesday. Billions are at stake.
Ronald Robert Carey (March 22, 1936 – December 11, 2008) was an American labor leader who served as president of the International Brotherhood of Teamsters from 1991 to 1997. He was the first Teamster General President elected by a direct vote of the membership. [1][2] He ran for re-election in 1996 and won, but in 1997 federal investigators ...
Meanwhile, there was growing concern over the solvency of Teamster pension funds, particularly the giant Central States Pension Fund. While the 2008 financial crisis was partly to blame, a bigger problem was that Teamster leaders had let key contributing employers walk away from their pension obligations, leaving the funds in dire shape. [34]
UPS and the Teamsters reached a tentative deal on a new labor contract Tuesday, potentially averting what could have been a crippling strike. What it means really is up to the 340,000 rank-and ...
Biden must be particularly frustrated by O’Brien’s speech since as president in 2022, he OK’d a $36 billion, one-time bailout of a Teamsters pension fund, warding off pension cuts for ...
The International Brotherhood of Teamsters (IBT) is a labor union in the United States and Canada. Formed in 1903 by the merger of the Team Drivers International Union and the Teamsters National Union, [2] the union now represents a diverse membership of blue- and white-collar workers in both the public and private sectors, totalling about 1.3 million members in 2015. [1]
For its part, UPS said on July 14 that it was in the process of training nonunion drivers to help pick up the slack in case of a Teamsters walkout. The carrier handles about a quarter of U.S ...