Source: Reuters
“United Parcel Service said on Sunday that it had reached an agreement with the International Brotherhood of Teamsters to cap severance offers at 7,500 drivers after a dispute over the company’s plans to cut its workforce. Under the agreement, UPS will offer $150,000 for early retirement. The union has sought to block the package delivery giant’s Driver Choice Program, arguing that it was initiated without negotiations in violation of its 2023 labor contract.” (04/05/26)