Full-time UPS drivers will earn an average of $170,000 in annual pay and benefits at the end of a five-year contract agreement, UPS CEO Carol Tomé said during an earnings call Tuesday.
Keep in mind that “and benefits” is doing so much work here, it should get its own union rep.
And that’s the projected number at the end of the contract 5 years from now, which everyone seems to be ignoring also.
Boom. Roasted
It’s nowhere near that. Their benefits are paid by the teamsters/dues. Their pay raises from their current top rate is here on page 41. https://teamster.org/wp-content/uploads/2023/08/UPDATED-ENGLISH-BLACKLINE-MASTER-TA-8.5.23.pdf
The Top Rate shall be $35.94 plus the general wage increases provided in Section 1 above.
Increases are:
- 2023 two dollars and seventy-five cents ($2.75)
- 2024 seventy-five cents ($0.75)
- 2025 seventy-five cents ($0.75)
- 2026 one dollar ($1.00)
- 2027 two dollars and twenty-five cents ($2.25)
So that means in 2027, it’ll be $43.44/hour, which at 40 hours a week comes to $90,355.20/year. To reach $170k/year, they’d have to work 75.26 hours a week, I know drivers do a lot of OT, but I’m not sure about that much!
Edit: To put more perspective on this, 170k/year at 40 hours is $81.73/hour, not too far from double their $43.44/hour
The $170k number is total compensation, including health insurance, dental, etc
Wow this headline is shit, get this comment up there
If the top actual PAY is about $75k/yr, then are they getting $100K/yr in benefits? WTF benefits could cost that much? Are they flying everyone to the Mayo Clinic for checkups every year? Gold toilets? wtf?
This is the same shit my place is going through right now (we find out if it will be ratified today actually) we don’t have any paid sick days and the new cba has a whopping 3 in there, the company is tacking that on as more money in your pocket like as if it’s somehow more per hour
Bet the salary is still bad and they label some benefit aa being “worth” 150k
“UPS announces they will no longer be hiring full-time drivers” - Next week’s news
The media keeps publishing this headline as if I’m supposed to be upset by it?
They want to drive a wedge between the working class.
As a tech worker I am pissed… that they weren’t earning that much already. Thats hard ass work that deserves a good high pay.
Everyone should be earning more… there was an article awhile back that said the rich have siphoned off $50 trillion in wealth since the 70s. That’s why wages haven’t kept up with productivity.
Good for them!
Good for them!
I’m sure the CEO is full of shit though.
All two of them.
You might just collect that for a year before your knees and spine fuse together.
