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UPS slashes 20,000 jobs and offers voluntary buyouts to drivers
One of the largest private mail and parcel carriers in the United States is slashing 20,000 jobs and offering voluntary buyouts to its full-time drivers. The move by UPS is part of the company’s plans to cut overall costs following a decision earlier this year to reduce the number of Amazon deliveries it handles, the Daily Mail reported in April.
Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers
The potential buyouts for the drivers of its iconic brown package cars comes as UPS has announced plans to slash tens of thousands of management and other jobs and automate more of its business as it slogs through global trade tensions and the loss of business from what used to be its biggest customer — Amazon.
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UPS to eliminate 20,000 positions with large buyout incentivesUPS plans to cut 20,000 jobs—about 4% of its global workforce—and is offering voluntary buyouts to U.S. full-time drivers for ...
On Thursday, the courier offered its U.S. drivers a voluntary buyout as part of "the largest network reconfiguration in UPS ...
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UPS, Starbucks, FedEx, Amazon, Google and almost 100 companies planning massive layoffs in JulyNearly 100 major companies, including UPS, FedEx, Starbucks, and Amazon, plan mass layoffs in July amid economic uncertainty ...
UPS will offer an early retirement package to drivers as it looks to cull 20,000 workers amid slower parcel growth.
A UPS spokesperson says, "There are no planned closures in Maine at this time. We are consolidating deliveries in certain zip ...
United Parcel Service offers an attractive dividend yield and discounted valuation. See why UPS stock is a value buy for long ...
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