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UPS Faces Rising Labor Costs, Strike Risk in Upcoming Union Fight
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 Jan. 31, 2023 | PACKAGE DIVISION | United Parcel Service Inc. will pay more for labor after replacing a union contract that expires in July. The main question for Chief Executive Officer Carol Tomé is how much more — and if it’s enough to avoid a strike that would throw package delivery into chaos. A strike now in the era of e-commerce would have a much bigger impact than in 1997 when most packages were sent by businesses, and parcel networks operated five days a week instead of non-stop. Teamsters President Sean O’Brien is promising a hard fight. Talks on the nationwide contract will begin April 16, O’Brien said in an interview. The current contract ends July 31. “We’ve got some great arguments on why these folks should be paid,” O’Brien said. “We’ve got a great argument just on how much money the company’s been making.” Yahoo News Related: UPS reports $11.55 billion profit for 2022 as it continues to hike rates
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