The United Parcel Service (UPS) mentioned on Thursday that it’s providing buyouts to full-time U.S. supply drivers as a part of the corporate’s “largest network reconfiguration” ever.
“As we navigate an unprecedented business landscape, we are executing the largest network reconfiguration in UPS history,” the Atlanta-based firm mentioned in an announcement.
“For the first time ever, in recognition of these unique circumstances, we are looking to offer our full-time U.S. drivers the opportunity to participate in a voluntary program that would provide an opportunity to receive a generous financial package if they choose to leave UPS,” the corporate added.
The monetary bundle that will probably be obtainable to the drivers will probably be along with “any earned retirement benefits, including pension and healthcare,” based on UPS.
The corporate added that every driver “would have the ability to decide if this voluntary program is beneficial to their family and the plans they have for their future.”
The Worldwide Brotherhood of Teamsters President Sean M. O’Brien mentioned UPS’s buyout plan is “an illegal violation” of the contract the union struck with the corporate that undercuts its settlement to create 22,500 extra jobs.
“UPS is trying to weasel its way out of creating good union jobs here in America by dangling insulting buyouts in front of Teamsters drivers,” O’Brien mentioned in an announcement on Thursday.
UPS mentioned on Thursday that it had approached the union concerning the buyouts and that the corporate stays “committed to the agreements we reached in 2023, as part of our contract negotiations.”
UPS mentioned in late April that it might lower round 20,000 jobs this yr as a part of a plan to decrease prices and enhance effectivity. In August 2023, UPS provided buyouts to pilots as demand dropped.
