Core Insights - Approximately 2,000 unionized delivery drivers accepted a buyout offer from UPS, costing the company $175 million [1][5] - The buyout offer was part of a broader streamlining campaign due to lower domestic package volumes, with severance packages valued at $1,800 for each year of service [2][5] - The Teamsters union criticized the early retirement offer as insufficient, urging members not to participate [3] Financial Implications - The average payout for drivers who accepted the buyout is estimated to be around $86,400, including benefits [4] - The $175 million expense for the buyout is relatively minor compared to UPS's total revenue of $91 billion [5] Workforce Reduction - UPS has eliminated approximately 32,000 warehouse jobs this year as part of its network consolidation program, with a total workforce reduction of 48,000 jobs over the past 18 months [6]