UPS offering voluntary buyouts to drivers — a move – Business News
Parcel giant UPS mentioned on Thursday it would offer voluntary buyouts to its full-time US drivers as half of the most important community reconfiguration in its historical past — a sweeping overhaul that features chopping 20,000 jobs and shutting 73 amenities.
The Atlanta-based company had in April introduced a community reconfiguration plan following a discount in deliveries for its key buyer, Amazon, and amid President Trump’s tariffs.
The buyout bundle is as well as to any retirement advantages corresponding to pension and healthcare, the company mentioned in a assertion.
UPS introduced a community reconfiguration plan following a discount in deliveries for its key buyer, Amazon, and amid President Trump’s tariffs. AP
The Teamsters union, which represents about 330,000 employees at UPS, was first to announce the buyout plans, calling them an “illegal violation” of the national contract, beneath which UPS had dedicated to create 22,500 more jobs.
“Our members cannot be bought off and we will not allow them to be sold out,” mentioned Sean O’Brien, common president of the union.
“Our members cannot be bought off and we will not allow them to be sold out,” mentioned Sean O’Brien, common president of the Teamsters. Getty Images
“UPS needs to live up to the existing contract. They must honor their commitments.”
UPS mentioned it intends to adhere to the phrases of its contract with the union.
