UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4

The UPS has specifically stated they are suffering financially to cut a billion dollars from their ONGOING COSTS after 2023.

That requires 12000 Management jobs to be ELIMINATED, CUT, GONE. poof. UPS specifically stated it does not matter if profits rise again in better times, these jobs are gone forever. They are not coming back. That allows them not to spend a billion dollars in 2024.

This is a direct result of the recent victory by the Unions in the big strike a few months ago that increased costs about a billion or so massively against UPS. So they made a careful decision to eliminate people to cut costs to stay alive. And here we are.

Yellow vaporized with 30,000 gone. And ceased to exist because of a simple couple of billion dollar problems. To UPS this is nothing at all. Easy fix. UPS is bigger than Yellow. They can and will cut some more if need be. The Share Owners of UPS is the first and only People that matter. Keep that income flowing to them first and the UPS Company will continue to exist.

The UPS Trucks locally are getting cheaper. Flimsier. Zoomie too with thinner emaciated drivers running about tossing packages fast fast fast. God forbid they run up too much costs against UPS trying to do their jobs.
 
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