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The Teamsters Union which represents hundreds of thousands of United Parcel Service (UPS) drivers, has "walked away from the national bargaining table" and has given the shipping company until Friday to provide its "last, best, and final offer."

In a statement, Teamsters General President Sean O'Brien said, "The largest single-employer strike in American history now appears inevitable."

"Executives at UPS, some of whom get tens of millions of dollars a year, do not care about the hundreds of thousands of American workers who make this company run," O'Brien added.

The UPS Teamsters Union has 340,000 members and has been in negotiations with UPS since mid-April. The workers' five-year contract is set to expire on July 31 and earlier this month the union called for workers to strike if UPS refuses to offer a fair agreement prior to the contract's expiration.

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UPS is the second largest ground carrier behind the U.S. Postal Service and is responsible for delivering some 20 million packages daily across the U.S. A strike could be detrimental to the U.S. supply chain and an economy that is still recovering from the effects of Covid lockdowns and is struggling with inflation.

"With a deadline of Friday to return a last, best, and final offer, UPS risks putting itself on strike by August 1 and causing devastating disruptions to the supply chain in the U.S. and other parts of the world," the Teamsters said.

The union added that "We have an economy today that is reliant on parcel delivery and no one in the game handles more packages per day or provides better service than Teamsters at UPS."

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