With less than two weeks until the United Parcel Service strike, a coalition led by the U.S. Chamber of Commerce urged the Biden administration in a letter to intervene in the labor conflict between the delivery company and a labor union.
About 340,000 UPS workers, who are represented by the International Brotherhood of Teamsters, plan to walk out of their jobs on Aug. 1 if negotiations for a new labor contract do not reach an agreement by then. Contract negotiations between UPS and Teamsters are set to resume next week after both sides blamed each other for walking out of talks earlier this month.More than 250 organizations signed the letter to voice their worries about the likely strike.
It went on to note that the strike would harm the U.S., considering UPS moves $3.8 billion in goods per day, or about 20 million packages a day. If the strike lasted for 15 days, the American economy could lose $55.5 billion, according to one study cited in the letter. In only five days, the strike could cost $15.8 billion.
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