By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
Asian automakers’ profits tumble after ‘unprecedented’ effects of US tariffs
40 minutes ago
News
The polarising power of Andriy Yermak, Ukraine’s other wartime leader
7 hours ago
Videos
Use buy now, pay later loans? They could soon impact your credit score
15 hours ago
Videos
How Airbus beat Boeing to become the world’s biggest plane maker
15 hours ago
News
Turning Point Brands: Is This ‘Smokeless’ Stock Too Hot To Touch? (NYSE:TPB)
19 hours ago
News
Macrons file US lawsuit over claims France’s first lady was born male
19 hours ago
News
Coca-Cola gets roped into making America healthy again
1 day ago
Videos
How the new Trump accounts for kids works
2 days ago
Videos
The New Soap Operas Are Just 2 Minutes Long — The Power Of Micro Dramas
2 days ago
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Investing > UPS-Teamsters Talks Will Continue. Hollywood Actors Extend Contract Deadline.
Investing

UPS-Teamsters Talks Will Continue. Hollywood Actors Extend Contract Deadline.

News Room
Last updated: 2023/07/01 at 9:01 PM
By News Room
Share
4 Min Read
SHARE

The union representing 340,000 full- and part-time
United Parcel Service
workers gave a July 5 deadline to reach a deal and avert a massive strike. Hollywood actors, meanwhile, extended contract talks with major studios.

The International Brotherhood of Teamsters, which earlier this month set a June 30 deadline for UPS (ticker: UPS) to deliver a last, best, and final offer to avert a strike by the Aug. 1 contract expiration, said Friday that UPS delivered a counterproposal “with significant movement on wages and other economic language.”

The union said the company pledged to reach a deal no later than July 5 for delivery drivers and warehouse logistics workers.

“The Teamsters will not work one minute beyond the expiration of our current agreement,” Teamsters General President Sean M. O’Brien said in a statement. “UPS did not want to make progress on economics, but they conceded today that they will reach a deal by July 5 because they have no choice.”

UPS said in a statement it was encouraged the union was ready to continue negotiations and discuss its most recent proposal.

“We look forward to the union’s input so we can reach a timely agreement and provide certainty for our employees, our customers and the U.S. economy,” the company said.

A UPS strike would cause chaos for both the company and Americans who get packages and medicine delivered to their homes. UPS delivered an average of 24.3 million packages a day in 2022. Its revenue that year was $100.3 billion.

“It would be a headache and disruption for
Amazon
and other e-commerce players,” Wedbush analyst Dan Ives told Barron’s.

The Screen Actors Guild-American Federation of Television and Radio Artists, or SAG-AFTRA, and the Alliance of Motion Picture and Television Producers late Friday agreed to extend their contracts for a week to midnight on July 12 as talks continue. “The parties will continue to negotiate under a mutually agreed upon media blackout,” the parties said in a joint statement.

Deadline reported earlier this week the union was considering an extension for further talks with the Alliance of Motion Picture and Television Producers before calling a strike. Both sides agreed not to comment to media outlets during the negotiating process.

Members who voted were 97.91% in favor of a strike authorization, the union said on June 5. Earlier in June, hundreds of prominent actors signed a letter urging union leadership to hold out for a transformative deal, adding that they were ready to strike, Rolling Stone and other media outlets reported.

The Writers Guild of America has been striking for more than eight weeks. If it was joined on strike by film and television actors, it would represent a complete shutdown for Hollywood.

“We believe this is a potential body blow for content getting moved out into 2024 as the strikes threaten streaming content and the hearts and lungs of Hollywood,” Ives said. “If the writers strike goes past Labor Day weekend this becomes a code red. Netflix and Apple among many others watching this carefully.”

Write to Connor Smith at connor.smith@barrons.com

Read the full article here

News Room July 1, 2023 July 1, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Asian automakers’ profits tumble after ‘unprecedented’ effects of US tariffs

Stay informed with free updatesSimply sign up to the Automobiles myFT Digest…

The polarising power of Andriy Yermak, Ukraine’s other wartime leader

On the biting morning of December 1 2023, just beyond the eastern…

Use buy now, pay later loans? They could soon impact your credit score

Watch full video on YouTube

How Airbus beat Boeing to become the world’s biggest plane maker

Watch full video on YouTube

Turning Point Brands: Is This ‘Smokeless’ Stock Too Hot To Touch? (NYSE:TPB)

This article was written byFollowI am a value investor focused on opportunities…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Why Home Builders Are Bouncing Today—and Why Their Stocks Are Good Buys

By News Room
Investing

This Beaten-Down Industrial Stock Wants to Call America Home. Why It’s Time to Buy.

By News Room
Investing

These 8 Dividend Aristocrats Can Protect Your Portfolio in a Downturn

By News Room
Investing

Some Lenders Benefit From SBA’s Troubled Loan Program

By News Room
Investing

Social Security Is in Turmoil. Should You Lock In Benefits Now?

By News Room
Investing

Hims & Hers Stock Is Due for a Crash Diet. The GLP-1 Surge Is Fading Fast.

By News Room
Investing

Opinion: The stock-market selloff isn’t over yet. Here are 4 reasons why.

By News Room
Investing

With Trump’s tariffs paused, ‘Big Three’ automakers may race to build inventories

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?