A strike at UPS would affect nearly every household in the country.
By Chris Isidore, CNN Business Over the past year, the nascent labor movements at mighty corporations like Starbucks and Amazon have grabbed national attention. But less well-known is a looming high-stakes clash between one of America's oldest unions and the world's biggest package courier.
About 350,000 Teamsters work at UPS as drivers and package sorters out of a global workforce of 534,000 permanent employees. And that's growing fast — the company has added some 72,000 Teamster-represented jobs since the start of the pandemic. Anger over current contractThere are certainly signs of strain in relations between the company and the union — both its leadership and its rank-and-file members.
UPS said the average pay for its delivery drivers is $95,000 a year, with benefits such as a traditional pension plan, worth an additional $50,000 a year. UPS' semi-tractor drivers are paid even more. That's far higher than most wages at FedEx and Amazon, where many drivers work for small independent contractors.
Record profits at UPSThe company often speaks about how much it values its Teamster-represented workforce.
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