A U.S. retail industry group on Wednesday urged the Teamsters Union and United Parcel Service (UPS) to come to an agreement to avert a strike, warning that it could cause billions of dollars in economic losses.
The Teamsters and UPS have until July 31 at midnight to reach a new contract deal for hundreds of thousands of truck drivers and warehouse workers. A key sticking point in the talks is pay increases for experienced part-time workers who are making roughly the same or even less than new hires because starting wages jumped due to the labor shortage in the last few years….