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UPS offers voluntary buyout packages for its US drivers

UPS, the parcel giant, announced on Thursday that it would offer voluntary buyouts for its full-time U.S. driver as part of its largest network reconfiguration ever. This includes a massive overhaul which will result in 20,000 job cuts and the closure of 73 facilities.

In April, the Atlanta-based firm announced a plan to reconfigure its network in response to a decrease in deliveries from Amazon.com and in response President Donald Trump’s tariffs.

In a press release, the company stated that this buyout package was in addition to retirement benefits like pensions and healthcare.

The Teamsters union which represents approximately 330,000 UPS workers was the first to announce buyout plans. They called them "illegal violations" of the National Contract, where UPS had committed itself to creating 22,500 new jobs.

Sean O'Brien is the general president of the union. He said: "Our members can't be bought and we won't allow them to sell out."

They must honor their commitments. "They must keep their promises."

UPS has stated that it will adhere to its contract with union. (Reporting and editing by Shreya biswas in Bengaluru, Abhinav parmar in Bengaluru)

(source: Reuters)