The so-called “Driver Voluntary Severance Plan” is the latest part of the company’s jobs massacre, including plans to ...

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

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

UPS said it has approached the Teamsters about the buyout offer and that it remains committed to the agreement it reached in 2023 as part of negotiations with the union.

The union says the Teamsters have bought only 10% of the promised vehicles, but the company says it remains committed to the agreement.

Teamsters President Sean O’Brien called the plan “illegal” and said it violated the union’s 2023 contract. He pointed out that the contract requires UPS to create 22,500 more jobs.

But according to the Teamsters union -- which represents 340,000 UPS (NYSE:UPS) drivers -- the “illegal” plan violates the contract between UPS and the Teamsters signed in August 2023, and ...

UPS announced in April it was cutting 20,000 jobs and closing 73 facilities. ... The Teamsters union, which represents about 330,000 workers at UPS, was first to announce the buyout plans, ...

Two years ago, the Teamsters and UPS agreed to the contract after a contentious bargaining period that saw the 1.3-million-member union threaten to go on strike.

WASHINGTON, April 29, 2025 /PRNewswire/ -- The following is a statement from Teamsters General President Sean M. O'Brien on the announcement from UPS in today's earnings call that the delivery and ...

United Parcel Service Inc. plans to offer voluntary buyouts to union-represented delivery drivers for the first time in the company’s history as part of an effort to boost profit by slimming ...