MISSISSAUGA, July 30, 2010 - UPS Canada (NYSE:UPS) is pleased to announce that a tentative agreement with the Canada Council of Teamsters has been ratified. This results in a new five-year agreement covering approximately 5,500 employees throughout Canada.
The provisions of the new agreement will commence on August 1, 2010, and will be in effect until July 31, 2015.
"This agreement is good for our people, our customers and our company," says Mike Tierney, president of UPS Canada. "Its ratification shows the strong commitment on both sides to serving our customers. Now that the negotiation process is complete, we can continue to focus on doing what we do best: providing our customers with the excellent service they have come to expect from UPS."
The new contract provides wage increases, significant enhancements to the pension plan as well as an increase in benefits.
About UPS
UPS (NYSE: UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 215 countries and territories worldwide. The company can be found on the web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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