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UNITED PARCEL SERVICE (UPS)
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United Parcel Service : TWU and UPS Negotiations Reach Impasse Over Contract Proposal

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01/12/2019 | 12:19pm EST

WASHINGTON, Jan. 9 -- The Transport Workers Union of America issued the following news release:

After 46 months of bargaining, Transport Workers Union of America (TWU) believes contract negotiations between the Union's Aircraft Dispatchers and United Parcel Service (UPS) have come to an impasse. The parties have been engaged in mediation since Aug. 26, 2016. Today the TWU sent a request to the National Mediation Board (NMB) for the parties to be released from mediation.

TWU and UPS could not reach an agreement because UPS has not offered enough in wages and their pension proposal falls significantly short when compared to other unionized UPS airside workgroups.

TWU Dispatchers perform many duties that improve shareholder value, including helping create fuel savings, improving on-time performance and providing flight crew safety. They deserve a pension in-line with other UPS airside workgroups.

"It seems like UPS is committed to lowballing and undercutting the value that TWU Aircraft Dispatchers bring to improving the company's bottom line," said TWU International Vice President and Air Division Systems Coordinator Gary Peterson. "TWU members simply will not continue to sacrifice the fruits of their labor, while management and shareholders alone, reap the rewards of their efforts.

"The TWU will not rest until our Air Dispatchers have a contract that fairly compensates them for all of their hard work," Peterson concluded.

© 2019 Targeted News Service, source News Service

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Financials ($)
Sales 2018 72 052 M
EBIT 2018 7 368 M
Net income 2018 6 081 M
Debt 2018 18 676 M
Yield 2018 3,66%
P/E ratio 2018 14,20
P/E ratio 2019 12,73
EV / Sales 2018 1,44x
EV / Sales 2019 1,37x
Capitalization 85 184 M
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Number of Analysts 28
Average target price 120 $
Spread / Average Target 21%
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Managers
NameTitle
David P. Abney Chairman & Chief Executive Officer
James Jay Barber Chief Operating Officer & Senior Vice President
Richard N. Peretz Chief Financial Officer, Treasurer & Senior VP
Juan R. Perez Chief Information & Engineering Officer, Senior VP
Carol B. Tomé Independent Director
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