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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 EDT

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 2019 74 591 M
EBIT 2019 8 228 M
Net income 2019 6 417 M
Debt 2019 18 141 M
Yield 2019 3,92%
P/E ratio 2019 13,35
P/E ratio 2020 12,07
EV / Sales 2019 1,38x
EV / Sales 2020 1,32x
Capitalization 84 552 M
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Number of Analysts 26
Average target price 116 $
Spread / Average Target 18%
EPS Revisions
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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