via CNBC:
- Part time workers will make $21 from currently $15.50.
- Full time workers will be paid $49 an hour an increase of $7.50 over the contract. Total compensation with benefits will be $170,000.
- Average base pay before overtime or benefits will be approximately $102,000.
- The new contract includes pay raises for both part-time and full-time workers.
- It also includes other improvements to work rules including an end to forced overtime.
- Workers began voting on the new contract on August 2.
American Airlines also approved 46% increase in compensation and the UAW is also demanding 46% increase in compensation, voting on August 22nd whether or not to authorize a strike.
UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday.
The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union.
h/t absoluteunitVolcker