UPS drivers will earn an average of $170,000 in annual pay and benefits at the end of a five-year contract agreement, UPS CEO Carol Tomé said during an earnings call Tuesday.
The executive comments come after a weekslong struggle between UPS and the Teamsters Union. More than 70% of UPS' 443,000 employees are represented by the Teamsters' Union.
The deal was reached on July 25 and will increase full-time workers' compensation to $170,000 from roughly $145,000 over five years.
Part-time drivers will be making $25.75 per hour while receiving full health care and pension benefits. Also, workers will now get Martin Luther King Jr. Day as a paid holiday for the first time in UPS history.
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,
- UPS says drivers to make $170,000 in pay and benefits following union deal - CBS News