UPS, Teamsters in nail-biting negotiations as strike threat looms over economy

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UPS, Teamsters in nail-biting negotiations as strike threat looms over economy
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UPS and the Teamsters are in the midst of negotiating a new contract for the company's roughly 350,000 unionized workers ahead of an August 1 deadline to avert a potential strike.

who are represented by the Teamsters under what is the largest private-sector collective bargaining agreement in North America according to the union. That figure includes package delivery drivers and warehouse logistics workers around the country.on July 31, which raises the possibility of a strike beginning on August 1 if the two sides are unable to finalize an agreement. Negotiations officially began on April 17.

Teamsters members are voting this week to authorize a strike that could begin on August 1 if the union and UPS don't reach an agreement on a new contract. Such strike authorization votes are a routine part of collective bargaining negotiations and don’t necessarily mean that a strike will occur, as the two sides may compromise on a new contract to avert a strike prior to the deadline., an issue that the Teamsters raised at the outset of negotiations.

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