UPS, Teamsters Union contract talks in deadlock

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UPS shares slide as Teamsters negotiations stall, accuse each other of walking away

July 5, 2023 11:30 AM EDT

UPS (NYSE: UPS) shares fell around 2% Wednesday after UPS and Teamsters released statements accusing each side of walking away from negotiations regarding contract talks

UPS said, "Teamsters have stopped negotiating," despite its "historic proposals," while Teamster stated, "UPS walked away from the bargaining... More