UPS, Teamsters Reach Tentative Agreement

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WASHINGTON: The Teamsters union and UPS reached an agreement late Monday night, according to Clinton administration officials. A press conference with Labor Secretary Alexis Herman and perhaps UPS and Teamster officials was expected before midnight EDT.

UPS estimates it has lost $650 million in the 15-day strike. One of the items the company's board was expected to consider when it meets on Wednesday was whether to begin hiring scabs, er, replacement workers, to break the strike.