By Karen Graham, January 30, 2024
January 30,2024 United Postal Service cutting close to 12,000 jobsUnited Postal Service cutting close to 12,000 jobsUnited Postal Service cutting close to 12,000 ,
The Post Office Department seems to be going from bad to worse and consumers are going to be hit with increased costs for stamps and other postal necessities.
The Postal Service is also planning on doing away with its Coyote truckload brokerage, and may put the business up for sale. UPS acquired the Chicago-based company for $1.8 billion in 2015.
The Teamsters in September voted to approve a tentative contract agreement with UPS, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries
One thing is really sad. UPS sighed a contract with thye nTea msters Union a mere five months ago, according to CBS News
The workforce reduction is part of an effort to align resources in 2024 and will save the company nearly $1 billion, the Atlanta-based company’s CEO Carole Tomé said on a company earnings call Tuesday7 morning.
“I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row,” Tomé said in a statement released by the company Tuesday. “2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.”