UPS announced it will cut 12,000 jobs. This comes only months after the company agreed to a new labor contract with the Teamsters. It was a fierce fight, with Teamsters’ President Sean O’Brien leading the charge. In the end, workers received pay raises, air conditioning in the hot months, and more full-time jobs, among other wins. A strike that would have disrupted millions of package deliveries was narrowly averted by the deal. Now, UPS is undercutting those wins with the mass layoffs.

Read the full story by CBS NEWS MoneyWatch, published, here:


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