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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] L3s@lemmy.world 41 points 1 year ago* (last edited 1 year ago)

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, 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@lemmy.world 5 points 1 year ago

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

this post was submitted on 11 Aug 2023
226 points (91.5% liked)

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