UPS has worked out an agreement with 340,000 unionized workers, averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide. The Teamsters hailed the agreement as “historic.”

Per NBC 5 Chicago, “Under the tentative agreement, which still needs union members’ approval, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 more by the end of the five-year contract. The agreement also includes a provision to increase starting pay for part-time workers, whom the union says are the most at risk of exploitation, from $16.20 per hour to $21 per hour. The average pay for part-timers had been $20.”

Voting on the new contract begins Aug. 3 and concludes Aug. 22.