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The Latest UPS Headlines
UPS Boosts 4Q Guidance; Outlines Job Cuts
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<blockquote data-quote="cheryl" data-source="post: 667085" data-attributes="member: 1"><p><strong>UPS Boosts 4Q Guidance; Outlines Job Cuts - Smart Money</strong></p><p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">UPS said it would cut 1,800 staff in the U.S., with a one-time charge offset by savings in its domestic small-package unit. </span></p><p></p><p style="text-align: left"><span style="color: #000000">However, the company said the cuts were as part of a long-planned management restructuring, rather than a reaction to the slow economy. It cut about 13,000 U.S. jobs last year, mostly through attrition, in response to the recession and a steep downturn in package volume. </span></p><p></p><p style="text-align: left"><span style="color: #000000">"We're talking about adopting a leaner management structure for the domestic business," UPS spokesman Norman Black said. The latest cuts have "nothing to do with the economic recession." </span></p></blockquote><p></p>
[QUOTE="cheryl, post: 667085, member: 1"] [B]UPS Boosts 4Q Guidance; Outlines Job Cuts - Smart Money[/B] [LEFT][COLOR=#000000] UPS said it would cut 1,800 staff in the U.S., with a one-time charge offset by savings in its domestic small-package unit. [/COLOR][/LEFT] [LEFT][COLOR=#000000]However, the company said the cuts were as part of a long-planned management restructuring, rather than a reaction to the slow economy. It cut about 13,000 U.S. jobs last year, mostly through attrition, in response to the recession and a steep downturn in package volume. [/COLOR][/LEFT] [LEFT][COLOR=#000000]"We're talking about adopting a leaner management structure for the domestic business," UPS spokesman Norman Black said. The latest cuts have "nothing to do with the economic recession." [/COLOR][/LEFT] [/QUOTE]
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UPS Boosts 4Q Guidance; Outlines Job Cuts
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