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The new contract may be good for some but for others, perhaps not so much.
- The company plans to discuss “headcount reductions” at an investor-day meeting in March
- UPS cited “material productivity opportunities” at a breakfast meeting on Thursday with analysts
- The job cuts would allow UPS to lower labor costs beginning in year two of the new labor contract, and the overall union workforce of about 300,000 currently may be lower at the end of the five-year contract
UPS Plans to Cut Non-Driver Jobs to Mitigate Union Labor Costs - BNN Bloomberg
(Bloomberg) -- United Parcel Service plans to use automation and efficiency on package sorting to reduce some of the roughly 140,000 “inside” workers who aren’t drivers, according to a Citigroup report by analyst Christian Wetherbee.
www.bnnbloomberg.ca