Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

UPS to offer buyouts to some employees

Published 09/17/2020, 06:24 PM
Updated 09/17/2020, 06:30 PM
© Reuters. FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed  on a screen at the NYSE in New York
UPS
-

(Reuters) - United Parcel Service Inc (N:UPS) said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to curb costs at the delivery firm.

"Aligning our talent with the needs of our company and customers is critical to becoming a stronger, more agile UPS," a company spokesperson said in a statement.

The Wall Street Journal had earlier reported https://www.wsj.com/articles/ups-offering-buyouts-to-management-workers-11600378920?mod=searchresults&page=1&pos=1 workers would leave in two phases - by the end of 2020 and mid-2021.

© Reuters. FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed  on a screen at the NYSE in New York

UPS said last week it would hire more than 100,000 workers for the winter holiday season, as delivery networks are taxed by pandemic-fueled online shopping.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.