this post was submitted on 09 Aug 2023
147 points (96.8% liked)

Socialism

5058 readers
64 users here now

Rules TBD.

founded 5 years ago
MODERATORS
[email protected]
147
UPS says its profit will fall after it reaches a Teamsters deal (edition.cnn.com)
submitted 1 year ago by [email protected] to c/[email protected]
52 comments fedilink hide all child comments
 

UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 12 points 1 year ago

The union agreement actually helps profit, because the union would strike if the terms were worse. You can't claim that your bad offer that got rejected is lost profit.