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14-07-2023, 02:23 PM
UPS strike could be costliest in US in a century
By Lisa Baertlein
July 14, 20234:31 AM GMT+8Updated 10 hours ago
July 13 (Reuters) - A threatened U.S. strike at United Parcel Service (UPS.N) could be "one of the costliest in at least a century," topping US$7 billion for a 10-day work stoppage
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Roughly 340,000 union-represented UPS workers handle about a quarter of U.S. parcel deliveries and serve virtually every city and town in the nation. A strike could delay millions of daily deliveries, including Amazon.com (AMZN.O) orders, electronic components and lifesaving prescription drugs, shipping experts warned. They added this also could reignite supply-chain snarls that stoke inflation.
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Talks are deadlocked between UPS and the International Brotherhood of Teamsters union.
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"Consumers are going to feel this within days," AEG CEO Patrick Anderson said of a potential strike, adding his analysis does not include the human cost of disruption to shipments of critical and perishable medicines to treat cancer and other life-threatening illnesses.
https://www.reuters.com/world/us/potenti...023-07-13/
By Lisa Baertlein
July 14, 20234:31 AM GMT+8Updated 10 hours ago
July 13 (Reuters) - A threatened U.S. strike at United Parcel Service (UPS.N) could be "one of the costliest in at least a century," topping US$7 billion for a 10-day work stoppage
......
Roughly 340,000 union-represented UPS workers handle about a quarter of U.S. parcel deliveries and serve virtually every city and town in the nation. A strike could delay millions of daily deliveries, including Amazon.com (AMZN.O) orders, electronic components and lifesaving prescription drugs, shipping experts warned. They added this also could reignite supply-chain snarls that stoke inflation.
......
Talks are deadlocked between UPS and the International Brotherhood of Teamsters union.
......
"Consumers are going to feel this within days," AEG CEO Patrick Anderson said of a potential strike, adding his analysis does not include the human cost of disruption to shipments of critical and perishable medicines to treat cancer and other life-threatening illnesses.
https://www.reuters.com/world/us/potenti...023-07-13/
