Posts tagged online retailers
UPS strike: Organizations ask White House to intervene to prevent strike that could cost billions
July 21, 2023 // More than 250 organizations signed the letter to voice their worries about the likely strike. “Given the debilitating impact of a strike on American families and the economy, we urge your Administration to provide the support necessary to help the parties reach a new agreement by the August 1 deadline,” the letter read. It went on to note that the strike would harm the U.S., considering UPS moves $3.8 billion in goods per day, or about 20 million packages a day. If the strike lasted for 15 days, the American economy could lose $55.5 billion, according to one study cited in the letter. In only five days, the strike could cost $15.8 billion. Additionally, the delivery service’s competitors cannot pick up the slack if UPS loses more than half of its workforce in the case of a strike.