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.

  • @L3s
    51•1 year ago

    Tldr and tldm:

    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 (12.54 hour days for a 6 day work week, 15.05 for a 5 day work 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

    • @SheeEttin
      5•1 year ago

      The $170k number is total compensation, including health insurance, dental, etc