UPS Attracts Job Seekers with $170,000 Driver Pay After Union Victory
Since securing a $30 billion contract over five years, United Parcel Service (UPS) has experienced a surge in interest from job seekers. Data from Indeed Inc. revealed that searches containing "UPS" or "United Parcel Service" in job titles increased by over 50% in the week following the contract announcement on July 25.
This trend was not replicated across the industry, as searches for "delivery drivers” did not experience similar spikes. The new contract, which has yet to be ratified by union members, includes boosted wages for part-time workers and improved working conditions. While this news has attracted potential employees, UPS shareholders were greeted with a different reality, as the company recently lowered its full-year profit forecast due to increased costs associated with the tentative labor agreement.
United Parcel Service (UPS) reported a disappointing start to the year with first-quarter earnings revealing a 5.3% drop in revenue and a 31.5% plunge in operating profit compared to last year.