UPS Offers Voluntary Retirement Incentive To Eligible U.S.-Based Management Employees

Discussion in 'UPS Pressroom News' started by ROBO MOD, Apr 25, 2018.

  1. ROBO MOD

    ROBO MOD I'm a Robot Staff Member

    UPS (NYSE: UPS) today announced further actions within the company’s organizational transformation initiatives. A select group of non-operations, retirement-eligible U.S. management employees were informed of their eligibility for participation in a special Voluntary Retirement Plan (VRP). Under the VRP, eligible employees will be offered a financial buyout to retire. The voluntary retirement program is designed to occur in phases to help maintain an orderly transition among those eligible to retire. The special VRP offer does not change the design, nor eligibility for, UPS retirement plans. This initiative will reduce headcount and lower on-going operating expense. The financial details of the voluntary program will be disclosed at a future date.

    The UPS transformation is positioning the company to take advantage of record growth in demand for logistics services. This is the first of several new initiatives. The company is also streamlining work processes through technology for greater staff efficiency and raising operating efficiency through investment in its global smart logistics network. UPS expects its transformation initiatives to redirect resources to improve customers’ experience, enhance growth initiatives, create employee career opportunities and strengthen shareowner returns.
     
  2. trickpony1

    trickpony1 Well-Known Member

    It's funny this happens right before contract time.

    The next narrative you'll see in the media is...

    UPS is so strapped due to union negotiations/demands they had to reduce their management people to stay afloat.

    Yeah, OK...
     
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  3. sortaisle

    sortaisle Livin the cardboard dream

    The answer is less employees for growth...sometimes I can't even...I just can't...
     
  4. Old Man Jingles

    Old Man Jingles Rat out of a cage

    That’s why you are in the sort aisle.
     
  5. UpstateNYUPSer

    UpstateNYUPSer Single digit midget!

    ...or the answer could be a streamlined operation...