UPS to cut 20,000 jobs in network reconfiguration
And so it starts. UPS, while announcing a better-than-expected profit, also enthused investors with its ...
© Alexey Novikov
UPS has announced that it will be reducing the volumes it handles for Amazon by 50% going into the second half of next year.
The news was announced today as part of a cost-cutting initiative by the express operator, which is eyeing a $1bn reduction in spending, with an emphasis on cuts to air, labour, and road costs, as well as closing a number of buildings.
During the company’s earnings call, chief executive Carol Tome said: ...
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