UPS drivers will earn an average of $170,000 in pay and benefits at the end of a five-year contract their union negotiated with the carrier last month to avert a strike, UPS CEO Carol Tomé said during an earnings call this week.
The deal, which was reached on July 25, will increase full-time workers’ compensation to $170,000 from roughly $145,000 over five years, according to UPS’ calculations. It will also boost part-time workers’ salaries to at least $25.75 per hour and end mandatory overtime, Tomé told investors on Tuesday.
Online searches for jobs with “UPS” or “United Parcel Service” in the title jumped 50% in the week after the new pay deal was announced, Bloomberg News reported, citing data from Indeed. The executive’s comments punctuated the end of a weeks-long struggle between the Teamsters Union and UPS to secure a new contract for 340,000 union employees.
“We expected…
