UPS and Teamsters Cap Driver Severance Offers at 7,500
UPS and the Teamsters union reached a deal Sunday to limit early retirement offers to 7,500 drivers. This settles a dispute over plans to cut 30,000 jobs.
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UNITED PARCEL SERVICE-CL B has finalized an agreement with the International Brotherhood of Teamsters to limit severance offers to a maximum of 7,500 drivers. The settlement follows a recent dispute concerning the company's strategy for workforce adjustments. As part of the deal, the shipping giant will provide $150,000 for early retirement packages.
