UPS reaches tentative five-year deal with pilots union

Reuters

Published Jun 30, 2016 12:59PM ET

Updated Jun 30, 2016 01:10PM ET

UPS reaches tentative five-year deal with pilots union

ATLANTA (Reuters) - United Parcel Service Inc (N:UPS) has reached a tentative five-year agreement with its pilots' union after nearly five years of talks, the world's largest package delivery company said on Thursday.

If ratified by a majority of UPS' 2,600 pilots, the new contract will take effect as of Sept. 1 this year. UPS said it would not release specific details of the contract until after the Independent Pilots Association presents the tentative agreement to all UPS pilots.