SYGMA Kansas City Warehouse Colleagues Ratify Agreement Reached With the International Brotherhood of Teamsters Local 955, Return to Work After Just 24 Hours
Rhea-AI Summary
SYGMA Kansas City announced that warehouse colleagues represented by the International Brotherhood of Teamsters Local 955 have ratified a new collective bargaining agreement, ending a strike that lasted only 24 hours. The company emphasized its commitment to resolving issues through negotiations to avoid disruptions.
Jon Ratnasamy, president of SYGMA, stated that they had initially offered substantial wage increases and additional benefits requested by colleagues. The company expressed appreciation for their workers' efforts and reaffirmed its dedication to providing competitive wages and benefits.
With the agreement ratified, employees have returned to work and will immediately benefit from the market-leading wages offered by SYGMA. The company views this resolution as a balance between business needs and employee interests.
Positive
- Quick resolution of the strike, lasting only 24 hours
- Ratification of a new collective bargaining agreement
- Offering of substantial wage increases and additional benefits
- Immediate implementation of market-leading wages for returning workers
Negative
- Occurrence of a strike, albeit brief, indicating labor relations challenges
- Potential short-term disruption to operations and customer service
News Market Reaction
On the day this news was published, SYY gained 0.45%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
KANSAS CITY, Mo., Oct. 15, 2024 (GLOBE NEWSWIRE) -- SYGMA Kansas City is pleased that our warehouse colleagues—represented by the International Brotherhood of Teamsters Local 955—have ratified a new collective bargaining agreement, ending the strike that began just 24 hours ago.
We urge the Teamsters to always resolve issues at the negotiating table so we can avoid situations like this which are disruptive to our colleagues, their families, our communities, and our customers.
“From the beginning, we had offered substantial and generous wage increases, including additional benefits our colleagues had requested,” said Jon Ratnasamy, president of SYGMA. “Our commitment to good-faith negotiations and our appreciation for our colleagues helped us reach a resolution that balances the needs of our business and our colleagues.”
We greatly value our colleagues’ hard work and loyalty and remain committed to providing them with competitive wages and benefits. Now that they have returned to work, they will immediately begin to enjoy the market-leading wages we are providing.
For more information contact:
Matt Stewart
Media Contact
matt.stewart@sysco.com
T 281-584-1390
FAQ
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