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The strike effectively shut down United Parcel Service (UPS) operations for 15 days [2] and costs UPS hundreds of millions of dollars. [3] The strike was a victory for the union, resulting in a new contract that increased their wages, secured their existing benefits and gave increased job security .
Current part-time workers also will see a bump in pay and benefits, bringing their pay to at least $25.75 an hour by the end of the 5-year contract. Average UPS driver to make $170,000 in pay ...
Customers could see slower delivery of goods, higher prices on products and shipping, and yet another breakdown of the supply chain.
Benefits consist of the non-wage compensation that form the total remuneration package for an employee. While there is less research in this field, [ 14 ] it is an important field, as benefits can create significant costs for employers, [ 15 ] be they through compulsory means (e.g. compulsory pension schemes), or by the discretion of the ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training nonunion employees in the U.S. to step in ...
Employees – along with potential employees – tend to view benefits that are mandated by regulation differently from benefits that are discretionary, that is, those that are not mandated but are simply designed to make a compensation package more attractive. Benefits that are mandated are thought of as creating employee rights or ...
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