© Reuters. FILE PHOTO: United Parcel Service and the Teamsters hold a rally before before the beginning of the largest U.S. private sector labor contract talks covering more than 330,000 U.S. drivers, package handlers and loaders at the global delivery firm, in Oran
(Reuters) – A potential strike by about 340,000 workers of The Teamsters Union against United Parcel Service (NYSE:) could cause its customers to incur losses in excess of $4 billion, according to an analysis released by a consulting firm on Thursday.
A 10-day strike would likely furlough those workers who are currently earning annual wages of about $90,000 per year (excluding benefits), resulting in wage losses of $1.1 billion, Anderson Economic Group said.
