U.P.S. Plans to Cut 1,800 Jobs - New York Times
United Parcel Service said on Friday that it would cut 1,800 management and administrative jobs as it repositioned itself for a gradual recovery.
About 1,100 employees will be offered buyouts, which are meant to streamline the company’s small-package segment in the United States. Other cuts will come through attrition and layoffs. The small-package segment represents roughly 60 percent of the company’s annual revenue. It handles shipments of up to 150 pounds by ground and air.
United Parcel Service said on Friday that it would cut 1,800 management and administrative jobs as it repositioned itself for a gradual recovery.
About 1,100 employees will be offered buyouts, which are meant to streamline the company’s small-package segment in the United States. Other cuts will come through attrition and layoffs. The small-package segment represents roughly 60 percent of the company’s annual revenue. It handles shipments of up to 150 pounds by ground and air.