United Parcel Services - Parcel Logistics Provider Back on Track Thanks to Cost-Cutting Measures!
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Business Drivers: United Parcel Service (UPS) has established itself as one of the largest international providers in the parcel and freight logistics sector. UPS is currently facing declining shipping volumes in its U.S. business and rising personnel costs due to the 2023 collective bargaining agreement with the Teamsters Union. To counteract this, UPS plans to implement massive layoffs, with management stating that around 48,000 jobs have already been cut this year, primarily in administration. On October 28, UPS surprised with an EPS of $1.74,...
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