UPS Teamsters Dig in Heels on Proposed Job Cuts -- Market Talk

Dow Jones

2025/04/30

1548 ET - Not so fast, says the UPS union's leader, regarding the delivery company's plans to cut 20,000 jobs as part of its breakup with Amazon. Teamsters General President Sean O'Brien says under its latest contract, UPS is required to create 30,000 new union jobs. "If UPS wants to continue to downsize corporate management, the Teamsters won't stand in its way," O'Brien says. "But if the company intends to violate our contract or makes any attempt to go after hard-fought, good-paying Teamsters jobs, UPS will be in for a hell of a fight." UPS stock down 0.5% to $96.53. (paul.ziobro@wsj.com)

(END) Dow Jones Newswires

April 29, 2025 15:48 ET (19:48 GMT)

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Teamsters General President Sean O'Brien says under its latest contract, UPS is required to create 30,000 new union jobs. \"If UPS wants to continue to downsize corporate management, the Teamsters won't stand in its way,\" O'Brien says. \"But if the company intends to violate our contract or makes any attempt to go after hard-fought, good-paying Teamsters jobs, UPS will be in for a hell of a fight.\" UPS stock down 0.5% to $96.53. 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Teamsters General President Sean O'Brien says under its latest contract, UPS is required to create 30,000 new union jobs. \"If UPS wants to continue to downsize corporate management, the Teamsters won't stand in its way,\" O'Brien says. \"But if the company intends to violate our contract or makes any attempt to go after hard-fought, good-paying Teamsters jobs, UPS will be in for a hell of a fight.\" UPS stock down 0.5% to $96.53. (paul.ziobro@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2025 15:48 ET (19:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZLL34.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2531796306","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531796306","pubTimestamp":1745956080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1548 ET - Not so fast, says the UPS union's leader, regarding the delivery company's plans to cut 20,000 jobs as part of its breakup with Amazon. Teamsters General President Sean O'Brien says under its latest contract, UPS is required to create 30,000 new union jobs. \"If UPS wants to continue to downsize corporate management, the Teamsters won't stand in its way,\" O'Brien says. \"But if the company intends to violate our contract or makes any attempt to go after hard-fought, good-paying Teamsters jobs, UPS will be in for a hell of a fight.\" UPS stock down 0.5% to $96.53. 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Teamsters General President Sean O'Brien says under its latest contract, UPS is required to create 30,000 new union jobs. \"If UPS wants to continue to downsize corporate management, the Teamsters won't stand in its way,\" O'Brien says. \"But if the company intends to violate our contract or makes any attempt to go after hard-fought, good-paying Teamsters jobs, UPS will be in for a hell of a fight.\" UPS stock down 0.5% to $96.53. (paul.ziobro@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2025 15:48 ET (19:48 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}