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UPS offering buyouts to management workers – Fox Business


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UPS offering buyouts to management workers – Fox Business

United Parcel Service Inc. is planning to offer buyouts to some management employees, according to a person familiar with the matter, as Chief Executive Carol Tomé aims to trim payroll costs at the delivery giant. The Atlanta-based company is expected to present the buyouts to qualifying management in non-operations roles on Friday, the person said.…

UPS offering buyouts to management workers - Fox Business thumbnail

United Parcel Service Inc. is planning to offer buyouts to some management employees, according to a person familiar with the matter, as Chief Executive Carol Tomé aims to trim payroll costs at the delivery giant.

The Atlanta-based company is expected to present the buyouts to qualifying management in non-operations roles on Friday, the person said. The workers would leave in two phases: by the end of 2020, and mid-2021, the person said.

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