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Teamsters union sues UPS to block delivery driver buyouts
Yahoo Finance· 2026-02-10 15:52
The Teamsters union on Monday asked a federal court to stop UPS from initiating a second voluntary buyout program for package car drivers, saying the effort to eliminate jobs violates their national contract. Chief Financial Officer Brian Dykes told analysts during the company’s Jan. 27 quarterly earnings call that UPS (NYSE: UPS) was planning a second voluntary buyout program for delivery drivers as part of an effort to save $3 billion by cutting an additional 30,000 frontline jobs and two dozen faciliti ...