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The Latest UPS Headlines
UPS offering buyouts to management workers
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<blockquote data-quote="cheryl" data-source="post: 4617748" data-attributes="member: 1"><p><a href="https://www.foxbusiness.com/economy/ups-offering-buyouts-to-management-workers" target="_blank"><strong>UPS offering buyouts to management workers - Fox Business</strong></a></p><p></p><p><strong>UPS last offered buyouts to workers in 2018, an initiative that cut about $200 million in annual expenses.</strong></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4617748, member: 1"] [URL='https://www.foxbusiness.com/economy/ups-offering-buyouts-to-management-workers'][B]UPS offering buyouts to management workers - Fox Business[/B][/URL] [B]UPS last offered buyouts to workers in 2018, an initiative that cut about $200 million in annual expenses.[/B] 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. [/QUOTE]
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