UPS to cut 30,000 jobs and close 24 facilities
Digest more
U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages after the government agency's contract with the parcel service expired this year. The International Brotherhood of Teamsters, a union representing UPS delivery drivers ...
Market Realist on MSN
UPS set to eliminate 30,000 jobs in 2026 as the company shifts away from Amazon
As a part of a plan to increase profitability, UPS will reduce 25 million work hours.
New rules starting this month will add cubic volume measurements to the carriers' assessments for determining certain surcharges.
United Parcel Service Inc. expects to cut as many as 30,000 positions this year, part of an ongoing effort by the package-delivery giant to rein in costs and boost profitability.
The company last January said it would accelerate a plan to slash millions of low-profit deliveries for Amazon, its largest customer and a growing rival.