Teamsters Posts On X "UPS Agrees To Reinstate Teamsters In Louisville"
Portfolio Pulse from Benzinga Newsdesk
UPS has agreed to reinstate approximately 35 specialist and administrative workers at its Centennial hub in Louisville after they were terminated for work UPS claimed should be done by management. The workers had voted to join Teamsters Local 89 in October. Teamsters leadership intervened, resulting in the workers' reinstatement with full back pay, avoiding potential labor action. The agreement also extends to Teamsters Local 705 in Chicago, and the workers will return to their positions on their next scheduled workdays.
December 08, 2023 | 8:56 pm
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UPS has successfully resolved a labor dispute by agreeing to reinstate 35 workers as Teamsters in Louisville, providing full back pay and avoiding any labor action.
The resolution of the labor dispute is likely to be viewed positively by investors as it avoids potential disruptions to UPS's operations and demonstrates the company's ability to effectively manage labor relations. This can lead to improved investor sentiment and potentially a short-term positive impact on UPS's stock price.
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