UPS
ValueWalk
US parcel delivery giant UPS plans to cut 12,000 jobs worldwide in the face of difficult business conditions, it said on Tuesday. The job cuts - around 2.5% of its global workforce of around 500,000 employees - are intended to save $1 billion, group chief executive Carol Tomé said on a conference call. The future of truck logistics company Coyote, which UPS only acquired in 2015, is also up in the air. A sale is being looked at for the subsidiary, which is suffering from the sharp drop in transport prices following a coronavirus boom. Last year, UPS missed its repeatedly lowered revenue target...
DPA International
US parcel delivery giant UPS plans to cut 12,000 jobs worldwide in the face of difficult business conditions, it said on Tuesday. The job cuts - around 2.5% of its global workforce of around 500,000 employees - are intended to save $1 billion, group chief executive Carol Tomé said on a conference call. The future of truck logistics company Coyote, which UPS only acquired in 2015, is also up in the air. A sale is being looked at for the subsidiary, which is suffering from the sharp drop in transport prices following a coronavirus boom. Last year, UPS missed its repeatedly lowered revenue target...
DPA
US parcel delivery giant UPS plans to cut 12,000 jobs worldwide in the face of difficult business conditions, it said on Tuesday. The job cuts - around 2.5% of its global workforce of around 500,000 employees - are intended to save $1 billion, group chief executive Carol Tomé said on a conference call. The future of truck logistics company Coyote, which UPS only acquired in 2015, is also up in the air. A sale is being looked at for the subsidiary, which is suffering from the sharp drop in transport prices following a coronavirus boom. Last year, UPS missed its repeatedly lowered revenue target...
DPA Breaking News
Der US-Paketdienst UPS will angesichts schwieriger Geschäfte 12.000 Stellen streichen. Mit dem Jobabbau soll eine Milliarde Dollar (rund 920 Mio Euro) eingespart werden, wie Konzernchefin Carol Tomé in einer Telefonkonferenz sagte. Das sind rund zweieinhalb Prozent der weltweiten Belegschaft von zuletzt rund einer halben Million Beschäftigten. Zudem kommt der Lkw-Logistiker Coyote auf den Prüfstand, den UPS erst 2015 gekauft hatte. Auch eine Veräußerung der Tochtergesellschaft ist möglich, die unter dem starken Rückgang der Transportpreise nach dem Corona-Boom leidet. UPS hatte im vergangenen ...
DPA (German)
ValueWalk
New York (AFP) - The Teamsters union announced Tuesday that UPS workers overwhelmingly voted to ratify a new labor contract, officially ending the risk of an economically harmful strike. Workers voted by an overwhelming 86.3 percent in favor of the five-year contract, which was agreed between UPS and Teamsters representatives following hard-fought negotiations that had raised the possibility of a crippling strike involving 340,000 workers. The new contract includes hefty wage increases for full- and part-time employees; the end of a so-called "two-tier" employee classification system that disa...
AFP
New York (AFP) - UPS lowered its full-year outlook on Tuesday, citing a bigger than expected hit to volumes from recent labor talks as executives described the new contract as a "win win win." The delivery company, which reached a tentative new labor agreement last month with the Teamsters union to avert a strike, experienced a loss of 1.2 million packages a day due to strike fears, most of it from customers who diverted volumes to other users. Chief Executive Carol Tome said UPS was working hard to win back the business, describing the certainty of the agreement as a key element of long-term ...
AFP
New York (AFP) - The Teamsters union and shipping giant UPS announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. Some 340,000 UPS workers had stood poised for a stoppage as Teamsters leaders pressed for increased wages. While backed by union leadership, the proposed deal now faces rank-and-file workers, who will vote on the agreement from August 3 to 22. News of the tentative deal drew cheers from business groups and from President Joe Biden, who is close to unions but has sometimes disappoi...
AFP
New York (AFP) - The Teamsters union and UPS shipping announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. Some 340,000 UPS workers had stood poised for a stoppage as Teamsters leaders pressed for increased wages, including for part-time workers. While backed by union leadership, the proposed deal now faces rank-and-file workers, who will vote on the agreement starting August 3 and concluding August 22. The Teamsters described the agreement "overwhelmingly lucrative," listing provisions that...
AFP
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