January 30th, 2024 by WCBC Radio
The Epoch Times along with other news outlets is reporting that The United Parcel Service (UPS) on Tuesday announced 12,000 job cuts after reporting a decline in the volume of packages being shipped, coming months after the company came to an agreement with a top union to pay drivers higher wages.
Officials with the shipping firm confirmed to several news outlets the number of job cuts, saying they represent fewer than 3 percent of the firm’s overall worldwide workforce. The cuts also do not impact union-backed employees. The job cuts will save the firm about $1 billion, the company’s CEO, Carole Tome, told reporters.
