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UPS ratifies new five-year labor agreement [April 25, 2014] (Reuters) — United Parcel Service Inc <UPS.N>, the world's biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employees represented by the International Brotherhood of Teamsters. |
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The company said it expected to take a pre-tax
charge of about $1.05 billion in the second quarter due to the
health and welfare changes in the newly-ratified plan. (http://link.reuters.com/kup78v) The company reported a 12 percent fall in first-quarter profit
earlier on Thursday. (Reporting by Sampad Patnaik in Bangalore; editing by Savio D'Souza) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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