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One of America's most important companies slashes 20,000 jobs and offers huge buyouts
UK Daily Mail ^ | 07/03/2025 | EMMA SALETTA

Posted on 07/04/2025 5:44:20 AM PDT by DFG

UPS is offering voluntary buyouts to its full-time US drivers following its decision to slash 20,000 jobs and close 73 facilities.

The Atlanta-based company will be providing its laid off employees with various benefits, including pensions and healthcare.

The layoffs are part of UPS's network configuration plan, which also confirms the upcoming closures of over 90 more facilities in the future.

The changes are part of the company's $3.5 billion cost reduction target for 2025, aiming to reach a 12 percent US operational margin by next year.

UPS, which is one of the largest parcel delivery companies in the US, currently has 490,000 employees, around 330,000 of which are represented by the Teamsters union.

The union was the first to announce the buyout, calling it an 'illegal violation' of the national contract in which UPS committed to create 22,500 jobs.

'Our members cannot be bought off and we will not allow them to be sold out. UPS needs to live up to the existing contract. They must honor their commitments,' said Sean O'Brien, general president of the union.

The announcement comes months after UPS decided to halve the number of Amazon deliveries it takes before tariffs imposed by President Donald Trump took effect.

Deliveries for the e-commerce giant make up around 12 percent of UPS's revenue.

The company concluded that its profit margins from Amazon deliveries profit were too small, and it wanted to focus on other markets like healthcare and international deliveries.

'The world has not been faced with such enormous potential impacts to trade in more than 100 years,' said CEO Carol Tomé.

Prior to these massive layoffs, UPS axed 12,000 employees and closed 11 facilities last year after its income declined by $1.87 billion due to its 'disappointing year' in 2023.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
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1 posted on 07/04/2025 5:44:20 AM PDT by DFG
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To: DFG

“providing its laid off employees with various benefits, including pensions and healthcare”

I’ve known a few delivery guys over the years....all say the same thing, since the 90s the relationship between management and labor has been contentious at best.

In light of that, if it were me, those that can go should.

They can always hire on with usps and do half the work for probably comparable pay.


2 posted on 07/04/2025 5:55:51 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: DFG

It sounds like the Teamsters hired a bunch of district court judges: “Young cannot do that!”


3 posted on 07/04/2025 5:55:56 AM PDT by ProtectOurFreedom (“Diversity is our Strength” just doesn’t carry the same message as “Death from Above”)
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To: DFG

Amazon deliveries are more reliable than UPS. My Prime shipments always get to me when Amazon delivers. FedEX and UPS are a mixed bag. The issue is a mix of 4 things - package theft, driver malfeasance or incompetence and shipper fraud. By delivering its own packages, Amazon has a handle on all four.


4 posted on 07/04/2025 6:06:06 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room)
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To: DFG

When is Trump going to start laying off and deporting all these “dipstick rogue judges”? They are a bunch of out of control fascists that need to be gone. Why in the hell does America need 674 of these tyrannical, fascist slobs that know nothing about the law and the Constitution and have turned into the DemonRAT Party’s Gestapo? Da weaponized “judges” have got to go. All of them!


5 posted on 07/04/2025 6:08:45 AM PDT by FlingWingFlyer (Correction! America is a nation of LEGAL IMMIGRANTS! All of mine came here legally. No free stuff.)
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To: ProtectOurFreedom

They are in the same business as the post office and in the 90’s people started ‘going postal’. My company-different business- went in the same direction. It starts when being overwhelmed with work. UPS-perhaps automation is part of the downsizing. Throw in Amazon and Walmart deliveries.


6 posted on 07/04/2025 6:09:08 AM PDT by DIRTYSECRET
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To: V_TWIN
"I’ve known a few delivery guys over the years....all say the same thing, since the 90s the relationship between management and labor has been contentious at best."

That's because most management sucks the ass of the owners or administrators. I worked for NY State. The higher positions in the department I worked in were political appointments. Those people had friends in high positions in Albany that gave them their jobs, and took care of them. If they wanted to keep their job, they danced to the tune of Albany. In 25 years, I never met one that was worth the powder to blow them up.

7 posted on 07/04/2025 6:12:59 AM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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To: DFG
Amazon effect? Slowing economy? High cost structure? Maybe all three.

Remember, if it ain’t selling, it’s ain’t moving……. Freight companies are the first to see a slow down and first to sell a pick up….

8 posted on 07/04/2025 6:26:52 AM PDT by Lockbox (politicians, they all seemed like game show host to me.... Sting)
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To: DFG

Quick! Somebody call the miniature “dipstick judges’ to pull these employees ‘nads out of the fire! They needs some “injunktions” right away!


9 posted on 07/04/2025 6:28:12 AM PDT by FlingWingFlyer (Correction! America is a nation of LEGAL IMMIGRANTS! All of mine came here legally. No free stuff.)
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To: FlingWingFlyer

Does Trump have that authority? I thought only Congress could do anything and that would be by shutting down their funding


10 posted on 07/04/2025 6:51:57 AM PDT by burghguy
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To: DFG

dumping amazon biz had zero to do with tariffs ... but hey, gotta get a dig in at tariffs if you’re any kind of decent anti-trump propaganda rag ... besides, i thought climate change caused UPS to dump amazon business ... silly me ...


11 posted on 07/04/2025 6:54:11 AM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: DFG

Both of my sons are drivers for FedEx. I wonder if this portends anything for them.


12 posted on 07/04/2025 7:08:58 AM PDT by hoagy62 (Hail Trump! Trump won! By a lot! )
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To: DFG

FedEX is better any way thay don’t have a 50lb limit on shipments.


13 posted on 07/04/2025 7:16:41 AM PDT by Vaduz
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To: DFG

UPS has almost 500,000 employees.

20,000 is about 4%.

They can achieve that through normal attrition.


14 posted on 07/04/2025 7:16:43 AM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: DFG
UPS is offering voluntary buyouts to its full-time US drivers following its decision to slash 20,000 jobs and close 73 facilities.

Sounds like a plan to dump employees making good money and replace them with fresh employees at 1/2 the price.

15 posted on 07/04/2025 7:17:37 AM PDT by libertylover (The HBM (Has Been Media) is almost all AGENDA-DRIVEN, not-truth driven.)
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To: DFG

I don’t think UPS is one of our most important companies. For one thing they have a lot of competition, so they are by no means a bell weather. Plus of course they suck so much to deal with their biggest customer of the past (Amazon) decided to go ahead and do it themselves. And other companies are following that path. So UPS can get in trouble and not have it mean anything.


16 posted on 07/04/2025 7:20:17 AM PDT by discostu (like a dog being shown a card trick)
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To: libertylover

THAT STATEMENT IS THE SAME OLD “UNION”LINE


17 posted on 07/04/2025 7:24:35 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: DFG

I LIVE RURAL

THE UPS TRUCK GOES UP & DOWN THE GRAVEL ROAD ON MY EASTERN PARCEL BOUNDARY.

THE SPEED LIMIT IS 25. DRIVERS GO MORE LIKE 52

THOSE TRUCKS GO WAAAAAY FASTER & POUND THE ROAD INTO RUMBLE STRIPS AGAIN & AGAIN. County REPAIRS 2-3 times a year.


18 posted on 07/04/2025 7:27:38 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: libertylover

That’s usually the way it goes. Dump the long time employees and hire new ones at lower wages.

Sean O’Brien. Is that the a-hat during Trump’s rally who swore to crush America and hurt the people. WTH was with that jerk and at the rally no less???


19 posted on 07/04/2025 7:34:13 AM PDT by bgill
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To: discostu
I don’t think UPS is one of our most important companies. For one thing they have a lot of competition, so they are by no means a bell weather.

Many, many years ago, like almost 60 years, I worked at a place that got deliveries and shipped stuff as well. Every day, the delivery driver from the company, would show up, make his delivery, pick up a shipment and then proceed to pour himself a cup of coffee, and start talking to a woman there he had the hots for.

The guy was in no hurry to leave and was totally ‘secure’ in his job because he was a union member. The company he worked for was the biggest shipping and delivery business in the world then. Well, a few years later, he was out of a job, and the company he worked for was out of business. That company was known as REA… Railroad Express Agency. I think there is a lesson there.

20 posted on 07/04/2025 7:59:33 AM PDT by Ditto
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