UPS plans to cut 20,000 jobs—about 4% of its global workforce—and is offering voluntary buyouts to U.S. full-time drivers for the first time. The move aims to cut costs amid falling revenue.

Package delivery giant UPS announced Friday, July 18, a new “US Driver Voluntary Severance Plan (DVSP),” offering financial ...

In the five-year contract, ratified in August 2023, UPS guaranteed to fill at a minimum 22,500 permanent full-time jobs. The announcement of the buyout also comes as the union says UPS is failing ...

JACKSON, Miss. (WLBT) - UPS is offering drivers nationwide, including here in the metro, a buyout to leave the company. In a letter obtained by 3 On Your Side, UPS said they are offering a generous ...

The Teamsters are prepared to fight UPS on every front with every available resource to shut down this illegal buyout program,” O’Brien said. “UPS needs to live up to the existing contract.

UPS said Thursday it had approached the Teamsters — the union that represents its drivers — on the buyout plan. The company said it remains “committed to the agreements we reached in 2023 ...

UPS UPS-0.97 % decrease; red down pointing triangle employs around 330,000 full- and part-time delivery drivers, clerks and package handlers represented by the International Brotherhood of Teamsters.

UPS offers buyout to union drivers, drawing ire from Teamsters Jul. 03, 2025 10:26 AM ET United Parcel Service, Inc. (UPS) Stock AMZN By: Amy Thielen, SA News Editor 212 Comments ...

Profits are not more important than people, not at UPS or any other employer." UPS, meanwhile, claims it remains committed to its 2023 contract despite its buyout program.

The announcement of the buyout also comes as the union says UPS is failing to provide at least 28,000 air-conditioned vehicles to drivers by 2028. "Our members cannot be bought off and we will not ...