UPS to Cut 20,000 Jobs Amidst Trade Uncertainty
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UPS announced plans to cut approximately 20,000 jobs in 2025, citing changes in global trade policy and reduced shipping volumes. The cuts, affecting the operational workforce, are part of a broader cost-reduction strategy including facility closures. This follows a 12,000 job reduction last year. The company cited macroeconomic uncertainty and lower volumes from Amazon, its largest customer, as contributing factors. The Teamsters union, representing a significant portion of UPS employees, warned against violating their contract regarding job creation.
UPS announced plans to cut approximately 20,000 jobs in 2025, citing changes in global trade policy and reduced shipping volumes. The cuts, affecting the operational workforce, are part of a broader cost-reduction strategy including facility closures. This follows a 12,000 job reduction last year. The company cited macroeconomic uncertainty and lower volumes from Amazon, its largest customer, as contributing factors. The Teamsters union, representing a significant portion of UPS employees, warned against violating their contract regarding job creation.
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