Date: November 7, 2002
Source: News Room
After the threat of a strike loomed this past weekend, Waste Management Inc. (NYSE:WMI) said all 500 of its Los Angeles-area drivers reported to work as scheduled and said contract negotiations will resume at a meeting on Thursday. Teamsters Local 396, which represents the company's drivers in Los Angeles, rejected a proposed contract that would have increased salary and benefits by 38 percent over the next five years. The union had also authorized a strike. Waste Management officials said they would not meet the Teamsters on their proposed 70 percent wage hike, but that the company will continue talks.
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