UPS Offers Driver Buyouts as Company Cuts Jobs, Faces Union Pushback

Shipping giant UPS plans to offer voluntary severance packages to some of its full-time U.S. drivers.

On July 3, the International Brotherhood of Teamsters, a trade union that represents many of the drivers, announced that United Parcel Service Inc. will issue a plan later this month offering “cash to drivers to initiate early retirement or quit their job.”