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

On Thursday, the courier offered its U.S. drivers a voluntary buyout as part of "the largest network reconfiguration in UPS history." ...

UPS’ shares fell 1.3% during a shortened trading session in New York on Thursday. The stock has declined more than 17% this year, trailing the S&P 500 Index’s 6.8% advance.

UPS is offering a voluntary separation package to full-time U.S. drivers amid a major network reconfiguration.

UPS did not specify how many employees would be offered the package or when it plans to make the proposal. UPS’ shares fell less than 1% as of 10:41 a.m. in New York on Thursday.

The Teamsters union, which represents about 340,000 UPS employees, is urging its full-time members to reject the offers.

Unionized UPS workers voted overwhelmingly Friday to authorize a strike, setting the stage for the largest U.S. labor walkout since the 1950s. Teamsters, the union representing more than 340,000 ...

The union said UPS trucks frequently reach over 120-degrees, but the company has not installed air conditioning, which they say creates dangerous conditions. Meanwhile, UPS said it is taking steps ...

UPS faces stiff competition from non-union rivals, sluggish delivery landscape - analyst Oct. 21, 2024 8:47 AM ET United Parcel Service, Inc. (UPS) Stock AMZN , FDX By: Amy Thielen , SA News ...