International Brotherhood of Teamsters has reported UPS (NYSE: UPS) airline maintenance technicians, who maintain the company´s fleet of jet engine aircrafts, have authorized a strike to protect healthcare benefits, the union said.
The union said airline maintenance workers voted to authorize a strike after three years of negotiations during which UPS has continued to demand health care concessions. In total, 80 percent, or 950 of the company´s 1,200 maintenance employees, participated in the strike vote, and 98 percent of those workers voted in favor of a strike.
The strike vote comes after UPS announced it beat third quarter earnings expectations with revenue of more than USD14.9 billion. UPS will ship approximately 700 million packages during the holiday shopping season, the peak period for UPS, and an increase of more than 16 percent over last year. The company also announced plans to purchase 14 jumbo aircraft from Boeing Co. between 2017 and 2020–the first such order by UPS since 2008. The 14 Boeing 747-8s cost a total of USD5.3 billion before discounts that may have been negotiated.
International Brotherhood of Teamsters represents 1.4 million men and women in the United States and Canada.