UPS, Teamsters reach labor deal to avoid strike

UPS and the Teamsters union representing about 340,000 workers at the package carrier on Tuesday said they reached a preliminary labor deal that includes raises for both full- and part-time workers and narrowly avoids a potential strike that could have started next week.

It was the latest in a string of labor deals where workers from pilots to aerospace manufacturing employees have pushed for and won higher pay.

The agreement is worth $30 billion, according to Teamsters General President Sean O’Brien.

“The union went into this fight committed to winning for our members. We demanded the best contract in the history of UPS, and we got it,” he said in a statement.