UPS in handshake deal with the Teamsters union

UPS has agreed a settlement in principle with negotiators for the Teamsters union, presenting ground staff and delivery drivers at the US parcels and logistics giant.
The new contract provides hourly wage increases totaling $4.15 spread out over five years and raises the starting wage for part-time workers to $13 an hour as of August 1. 
A Teamsters union statement said: "The National Negotiating Committee has agreed to a settlement in principle on the National Master Agreement (NMA), subject to the resolution of supplemental agreements and approval by UPS local unions. The term of the national agreement is set at five years, expiring on July 31, 2023."
There is a meeting scheduled with management on July 9–12 to address any supplemental agreements to the NMA that remain unresolved, said the union.
Denis Taylor, co-chairman of the Teamsters UPS National Negotiating committee, said: “I am confident that once the membership has reviewed and understood the changes, they will see that this agreement is among the very best ever negotiated for UPS members.”
A statement by UPS said: "Months of collective bargaining have culminated in a tentative agreement for UPS and the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers Teamsters-represented UPS employees in small package roles.
"UPS’s goal has been to reward the company’s employees for their contributions to its success while enabling the business to remain flexible to meet its customers’ needs – each of these goals have been met in the new agreement. UPS is well-positioned to grow and meet the needs of its customers.
"Negotiations continue on a number of supplemental agreements that cover local work rules as well as the separate agreement that covers about 11,000 Teamsters-represented employees in the UPS Freight network."