UPS Announces 12,000 Job Cuts Due to Drop in Package Volume

Published on January 30, 2024

The United Parcel Service (UPS) on Tuesday announced 12,000 job cuts after reporting a decline in the volume of packages being shipped, coming months after the company came to an agreement with a top union to pay drivers higher wages. Officials with the shipping firm confirmed to several news outlets the number of job cuts, saying they represent fewer than 3 percent of the firm’s overall worldwide workforce. The cuts also do not impact union-backed employees. “In 2023, dynamic external and economic conditions led to lower volume and a more than $9 billion decline in revenue year over year,” UPS Director of Financial and Strategy Communications Brian Hughes told USA Today, confirming the figure....

Continue reading on website
Other news

Secretary Blinken Warns: ‘Most Dangerous Moment for Middle East’

January 30, 2024
Secretary of State Antony Blinken warned that the ongoing conflict in the Middle East, which escalated after a drone strike killed three U.S. soldiers in Jordan, appears to be the region’s ‘most dangerous’ period in about 50 years.Speaking to reporters on Monday, the top U.S. diplomat said: “This is an incredibly volatile time in the Middle East. We’ve not seen a situation as dangerous as the one

Bolton Calls for ‘Disproportionate’ Strikes on Iran After Drone Attack Kills 3 US Soldiers

January 30, 2024
Former National Security Adviser John Bolton said the United States needs to launch “disproportionate” strikes by hitting targets inside Iran in response to the deadly drone attack on U.S. forces that killed three American soldiers in Jordan over the weekend.Mr. Bolton suggested that U.S. retaliatory strikes should target the alleged source of the attacks, the Iranian regime, rather than solely fo