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Strategies & Market Trends : Currents of Currency

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From: Ahda	11/14/2016 7:18:51 PM
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Of course there is no inflation just tweeking with health care. Aircraft maintenance workers at United Parcel Service have overwhelmingly voted to go on strike in a decision that could paralyze shipments during the busy holiday season. About 80% of workers who are responsible for servicing UPS's fleet of planes took part in the vote, and of those, 98% voted to authorize a strike. The decision comes after three years of negotiations with UPS over the workers' wages and health benefits. The union representing the workers — Teamsters Local 2727 — say the biggest issue in the negotiations is related to health care. According to the union, UPS is proposing a reduction in health benefits for the maintenance workers and retirees. "Under UPS’s proposal, health coverage for a retiree and his or her spouse would skyrocket to more than $19,000 per year in the first year with further increases each year thereafter," the union wrote in a release. msn.com

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