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UPS faces strike deadline
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July 29, 1997: 7:54 a.m. ET
Talks with teamsters stall as four-year contract expires Thursday
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NEW YORK (CNNfn) - With a strike deadline looming Thursday, UPS and the Teamsters union are far from reaching an agreement for a new contract.
After five months of talks, the teamsters have refused a request from the giant parcel carrier for an extension, the company said.
The union is pushing for higher wages and benefits for its 190,000 members, cutbacks in subcontracting and more opportunities for full-time work. The current four-year contract expires at midnight Thursday.
The company said in a statement it can't guarantee complete deliveries after Thursday, but that it hopes to avert a strike.
Thousands of businesses, ranging from catalogue marketers to wholesale parts suppliers, depend on the privately-held company to distribute their products.
The company's deliveries were off by about two percent in June, or nearly 250,000 packages a day out of the usual volume of 11.5 million, the Wall Street Journal reported. The company has also laid off an undisclosed number of workers, the paper said.
The company has about 335,000 employees.
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