UPS Cuts 12,000 Jobs. INCREASED Labor cost
11 months ago
36
UPS plans to cut 12,000 jobs and explore the sale of its Coyote truck brokerage business. The jobs reduction will save $1 billion this year, CEO Carol Tomé said on a earnings conference call with analysts. She also said the company planned to ask workers to return to office five days a week in 2024.
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