UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall

[harddriver]

https://www.nytimes.com/2024/01/30/business/ups-layoffs-rising-wages-union-contract.html

United Parcel Service plans to cut about 12,000 jobs this year as the company tries to slash costs in the face of falling package volumes and higher wages linked to a union contract it signed in the summer.

Carol Tomé, the chief executive of UPS, told analysts on an earnings call Tuesday that it had been a “difficult and disappointing year.” Revenue fell more than 9 percent last year, and profit dropped by a third.

 

[dcburn]

My local news made it sound like a lot of seasonal workers and management were getting the ban hammer.

 

[Laputan Machine]

Anyone notice how stores are pretty empty these days? Usually when I would drop stuff off at my local UPS shipping place the entire shop would be stacked with packages, now I go there and it's basically completely empty. Grocery stores are noticeably thin on stuff on the shelves. Big change from 4 months ago or so.

 

[Stumplegriltskin]

Brown is the color of shit. What can brown do for you?

 

[Totally Bored]

Mrs. Bored keeps the brown guy pretty busy just saying. She forgot to give him a xmas gift card this year

 

[84superchamp]

IIRC the same scenario has occurred down thru the years: company signs contract “under duress” with union, costs of that contract drastically effects the bottom line and the first cost-saving action of the company is layoffs. Repeat…repeat.

 

[Krull]

Anyone notice how stores are pretty empty these days? Usually when I would drop stuff off at my local UPS shipping place the entire shop would be stacked with packages, now I go there and it's basically completely empty. Grocery stores are noticeably thin on stuff on the shelves. Big change from 4 months ago or so.

 

[Metalhex]

Anyone notice how stores are pretty empty these days? Usually when I would drop stuff off at my local UPS shipping place the entire shop would be stacked with packages, now I go there and it's basically completely empty. Grocery stores are noticeably thin on stuff on the shelves. Big change from 4 months ago or so.

My hunch is that all the people who order groceries for delivery or pickup, get priority over in-store shoppers. Whenever a shipment comes off the delivery truck, they immediatley start putting together all the orders for people who are too fat to walk around the store and get for themselves.