Yahoo Finance Live checks out UPS' hiring push to accommodate the demand expected in this year's holiday season.
SEANA SMITH: My play today, UPS. It's out with holiday hiring plans. The package giant is looking to add more than 100,000 workers this holiday season. That's in line with hiring levels from the past two years. UPS is hiring for full and part-time seasonal positions. That includes package handlers, drivers, and drivers' helpers.
Now the company needs help quickly. UPS usually starts to see a jump in package shipping in October. So next month, with levels remaining elevated into January, about 80% of the seasonal positions will not require workers to interview. That's up from about 75% of the positions last year.
And Dave, it's going to be interesting to see how this all plays out this holiday season, right? UPS competitor FedEx, a lot of the big retail names, need a lot more workers during that very, very busy holiday season. Still a very tight labor market. If these companies aren't able to get the workers they need, that's a huge challenge here in the coming quarters.
DAVE BRIGGS: Yeah, where on Earth do they find them? And pushing well beyond that, there appears to be some labor disputes coming between UPS, the Teamsters Union. It looks like they are preparing for a possible strike. They want better pay, better working conditions. At the heart of this is a real complaint about trucks without air conditioning. They say unsafe conditions for their drivers. So they've got to figure out how to hire them. And then they've got to get a new contract. Not up till next year, but a big fight looks like it's ahead with the Teamsters.