UPS Workers Approve New Labor Contract

UPS workers have ratified a new contract with the company, according to an announcement from the Teamsters union.

The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union.

UPS and the Teamsters union, which represents about 340,000 workers at the delivery giant, reached a preliminary deal last month, avoiding a strike that could have greatly impacted the U.S. economy, according to CNBC.

Click here to read the full report from CNBC.

By A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at ahecht@cahabamedia.com.