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Economy
UPS announces 12,000 job cuts after number of package drops and income declines by $1.87 BILLION: '2023 was a disappointing year'
2024-01-31
[Daily Mail, where America gets its news]
  • UPS announced that they will cute 12,000 jobs on Tuesday The company's income has declines by $1.87billion in the past year

  • A spokesperson for UPS said that 75 percent of the cuts are set to take place in the first half of the year

  • The layoffs come just five months after UPS and Teamsters reached a $30billion deal with its 340,000 person- union, avoiding a potentially crippling strike

  • The deal pushed the company's full-time worker's hourly pay to $49 and $21 an hour for part-time employees

Posted by:Skidmark

#10  ^ Bad, but USPS probably far worse, and you can forget overseas delivery.
Posted by: Besoeker   2024-01-31 17:15  

#9  
My example of UPS:
Package shipped UPS on 3-10-22, and lost the same day.
Package value over at $1,500 and insured it for $500.
(NBC Full body suits and Protective Vests with insert plates, various C-19 related supplies and etc...)

Based on Tracking data, UPS lost the package at the Warehouse.

Months later the UPS driver told me UPS Mgt. fired something like 23 of the 40 warehouse workers due to "Handling errors".

It was handled all internally and no Police or FBI was ever involved.
Posted by: NN2N1   2024-01-31 17:09  

#8  Won't be long before there's a "carbon tax" on all deliveries.
Posted by: M. Murcek   2024-01-31 12:35  

#7  Contracting down to what a no-Covid level would have looked like? People not getting their credit cards paid off?
Posted by: swksvolFF   2024-01-31 12:29  

#6  I've had multiple times a UPS driver said he couldn't find my house. No notice from UPS about this. I found out because I didn't receive the pharmaceuticals sent so I contacted the pharmaceutical company. I then contacted the UPS center that services my area. Each time my package was there. I had to drive 60 miles round trip to get them. The nice lady handling this told me they were having trouble with the younger drivers not wanting to do the work. I am one of 2 houses on a dead-end road.
Posted by: Deacon Blues   2024-01-31 10:40  

#5  Walmart's package delivery system is still expanding. Probably took a bite out of UPS and maybe also Amazon.
Posted by: lord garth   2024-01-31 08:07  

#4  

Amazon cuts jobs, UPS cuts jobs.
The Pandemic is over and people are going to stores in mass, and/or are too BROKE due to sprinkflation buy.

UPS & Amazon are both feeling the Biden Economy.
Even the Bins (loss or unwanted returns) places are seeing the decline in shipping, vendors tossing it and etc.. mistakes
Posted by: NN2N1   2024-01-31 07:50  

#3  How much Amazon local fulfillment centers shifted business away from them to Amazon's own delivery?
Posted by: Procopius2k   2024-01-31 07:45  

#2  The same UPS that can't pick up time-sensitive packages from my workplace.

On the other hand, anybody who didn't see cuts coming after the contract fight simply wasn't paying attention.

Mike
Posted by: MikeKozlowski   2024-01-31 06:33  

#1  The layoffs come just five months after UPS and Teamsters reached a $30billion deal with its 340,000 person- union, avoiding a potentially crippling strike

These events are very obviously not connected.

[sarc off]
Posted by: Besoeker   2024-01-31 06:14  

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