(The Epoch Times)—“For the first time ever, in recognition of these unique circumstances, we are looking to offer our full-time U.S. drivers the opportunity to participate in a voluntary program that would provide an opportunity to receive a generous financial package if they choose to leave UPS,” the statement said. “Each driver would have the ability to decide if this voluntary program is beneficial to their family and the plans they have for their future.”
The buyout program, identified by the union as the Driver Voluntary Severance Plan, would allow eligible drivers to leave the company in exchange for a cash buyout. The Teamsters called that plan illegal, saying the severance offer would violate the terms of the five-year collective bargaining agreement ratified in August 2023.
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.”
In a statement shared with The Epoch Times, UPS confirmed that buyout packages will be offered. The company said it is facing an “unprecedented” business landscape and is attempting to simultaneously reconfigure its freight network while adjusting to a shifting trade landscape.
“For the first time ever, in recognition of these unique circumstances, we are looking to offer our full-time U.S. drivers the opportunity to participate in a voluntary program that would provide an opportunity to receive a generous financial package if they choose to leave UPS,” the statement said. “Each driver would have the ability to decide if this voluntary program is beneficial to their family and the plans they have for their future.”
The buyout program, identified by the union as the Driver Voluntary Severance Plan, would allow eligible drivers to leave the company in exchange for a cash buyout. The Teamsters called that plan illegal, saying the severance offer would violate the terms of the five-year collective bargaining agreement ratified in August 2023.
- Read More: theepochtimes.com
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For Emergency Preparedness, Don’t Forget the Meds
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