Alexandria Ocasio-Cortez Visits UPS Hub As Strike Looms, $7 Billion In Losses In 10 Days If Drivers Walk Out
Portfolio Pulse from Maureen Meehan
Rep. Alexandria Ocasio-Cortez visited a UPS hub to support workers who authorized their union to call a strike as soon as Aug. 1. The strike could be the largest labor strike in the U.S. in decades. The union's contention revolves around securing higher pay and more full-time jobs for employees. UPS's 2022 profits were nearly $14 billion. Some estimates put the economic impact of a 10-day strike at more than $7 billion. UPS carries 6% of America’s gross domestic product in its trucks.
July 16, 2023 | 8:27 pm
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UPS faces a potential strike that could be the largest labor strike in the U.S. in decades. The economic impact of a 10-day strike is estimated at over $7 billion. UPS carries 6% of America’s gross domestic product in its trucks.
The potential strike at UPS could significantly disrupt the company's operations, leading to substantial economic losses. This could negatively impact the company's stock price in the short term. The fact that UPS carries 6% of America’s GDP in its trucks underscores the potential severity of the impact.
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