Full-time UPS drivers will earn $170,000 a year, on average, in new contract, CEO says
Full-time UPS drivers will earn $170,000 a year, on average, in new contract, CEO says
Full-time UPS drivers could earn an average of $170,000 under the tentative contract between the Teamsters and the shipping giant, UPS' CEO said.
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
Man, that’s a lot of words. If I read it right, the base rate for a full time driver with more than 4 years in the position is $35.xx/hr. With most good benefits packages in the 20-40k range, and allowing for a few adjustments, I’m guessing that the 170k is probably something like 2600-3000 hours a year. Most 40hr jobs with benefits are only about 1850-1900 hours/yr, including holidays and paid leave.
gl keeping people for 4 years, they're probably going to pull some shady shit and make it absolutely miserable from management side.
It’s actually 40 something now. If you pull the UPS Teamsters National Agreement for 2018-2023 there’s cost of living language in there that put them over $40. So let’s call it $50, plus the $2.50 raise that was just negotiated is $52.50. $52.50x40=$2100.00 x 52 = $109,200. Factor in benefits if you’d like on top of that.
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
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.
Bet the salary is still bad and they label some benefit aa being “worth” 150k
Average 170k in pay -and benefits- isn’t a clear thing at all.
The rest of this is kind of rhetorical, but if anyone knows I’d be happy to learn :)
What are they including in the “benefits” that don’t actually provide material support or savings for the majority of workers?
For example, my company pays for (bundled with some other dumb service nobody uses) a suite of dumb lifestyle “self help” tools that are actually much worse than free tools, access to which they consider a benefit to me and thus part of my benefit package and total comp, even though it definitely isn’t useful in any way.
Additionally, due to churn, they usually have more entry level, so what is the mode pay for drivers? Mean average (what’s almost always used unless specified) can easily be used to make this look a lot better than it is if a few lifers make bank.
Turnover is high. Some guys quit outright, others from injury or to many accidents. Quite a lot are about to retire at my hub. I have about 10 more years left to go before I hang them up, so the next contract will be the last I have to worry about. I'm just glad they finally took care of the unsung heroes: the part timers. The past 20 years, they've been neglected. Not with SOB running the show. That was a hill he was gonna die on.
And the number is projected at the end of a 5 year contract!
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.
Benefits is usually a little under a third of salary, ~$115k is good for the job.
5 years from now?
Good for them!
Good for them!
I'm sure the CEO is full of shit though.
You might just collect that for a year before your knees and spine fuse together.
Been doing it 20 years. You just have to eat semi right, hydrate, lift properly, and not try to be the Hulk.
Oh, and get good boots. I use Chippewas. Fantastic boots.
All two of them.
By "Full-time" they have to mean 24/7, right?
Edit: Didn't think an explicit /s was necessary ;)
Lol no.
40-50+ hours a week. Two days off.