UPS offering buyouts to management workers - Fox Business
UPS last offered buyouts to workers in 2018, an initiative that cut about $200 million in annual expenses.
United Parcel Servce is planning to offer buyouts to some management employees, according to a person familiar with the matter, as Chief Executive Carol Tomé aims to trim payroll costs at the delivery giant.
The Atlanta-based company is expected to present the buyouts to qualifying management in non-operations roles on Friday, the person said. The workers would leave in two phases: by the end of 2020, and mid-2021, the person said.
A spokesman for the company confirmed it was offering buyouts, but declined to say who was eligible and how many jobs UPS was looking to shed.
UPS last offered buyouts to workers in 2018, an initiative that cut about $200 million in annual expenses.
United Parcel Servce is planning to offer buyouts to some management employees, according to a person familiar with the matter, as Chief Executive Carol Tomé aims to trim payroll costs at the delivery giant.
The Atlanta-based company is expected to present the buyouts to qualifying management in non-operations roles on Friday, the person said. The workers would leave in two phases: by the end of 2020, and mid-2021, the person said.
A spokesman for the company confirmed it was offering buyouts, but declined to say who was eligible and how many jobs UPS was looking to shed.
