UPS looks to cut up to 30,000 jobs this year
Newsy
UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles.
UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles.
Last year, UPS started on a plan to reduce dependency on its largest customer, Amazon, and focus on higher-profit areas such as healthcare customers.
Chief Financial Officer Brian Dykes said during the company's conference call on Tuesday that the job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition.
“This is a tactical move,” he said during a call with analysts. “We did something similar last year in order to help us to right-size the position levels and the network infrastructure with the new volume and delivery levels."
UPS is also looking to close 24 buildings in the first half of the year and is evaluating additional buildings to close later in the year, he added.
