Agreement between company and Teamsters appears to have narrowly averted industrial action
Teamsters at a rally before a tentative agreement was reached between UPS and workers last week. Photograph: ShutterstockDon’t look now but Irish and, indeed, global trade appears to have narrowly avoided potentially significant disruption in the past week.
Workers at United Parcel Service in the US, represented by the International Brotherhood of Teamsters, are now voting on the terms of a deal with their employer over pay and conditions that would, if ratified, avert industrial action that could impact about a quarter of the world’s largest economy’s parcel deliveries, a whopping 5 or 6 per cent of US gross domestic product by some estimates.
But businesses and consumers on this side of the pond should perhaps be equally relieved. In the event of a strike, any Irish company connected with the US through the UPS network would face more supply chain ructions not dissimilar to the turmoil that roiled international trade during the first two years of the pandemic when public health restrictions disrupted capacity and shipping costs soared.
Speaking to The Irish Times before a tentative agreement was reached between the union and the company last week, David Warrick, executive vice-president at Irish-founded supply chain company Overhaul, said the prospect of even a brief spell of industrial action could have seriously upset the delicate balance of global freight transport.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Debuts, tune ups, depth tests, and Ireland's last chancersCian Healy is set to go level with Rory Best as the third-most capped Irishman of all time on 124:
Leer más »
How Silicon Valley is helping the Pentagon in the AI arms raceUS military opening up to defence and weapons start-ups as evolving technology begins to transform modern warfare
Leer más »
Garda group to push ahead with no confidence vote after meeting with CommissionerA group representing rank and file gardaí said a meeting this morning with Garda Commissioner Drew Harris did not reach any agreement on their working hours dispute and they are pressing ahead with a no confidence ballot.
Leer más »
Axa to buy Laya Healthcare in deal worth €650mFrench insurance giant entered into an agreement to buy Laya from Corebridge Financial Inc., a subsidiary of AIG
Leer más »
Outdated pay structure creates ‘real risk’ of ambulance strike, HSE document saysHSE document finds that inconsistent grading, unofficial pay scales and lack of a modernised agreement act as a ‘clear barrier to progress’
Leer más »
Axa to buy Laya Healthcare in deal worth €650mFrench insurance giant entered into an agreement to buy Laya from Corebridge Financial Inc., a subsidiary of AIG
Leer más »