UPS offers voluntary separation to group of employees
UPS today offered a special voluntary separation opportunity to approximately 650 employees as part of the company’s ongoing effort to eliminate redundant positions.
The voluntary separation opportunity is in addition to the job reductions at UPS Supply Chain Solutions announced in October.
The impact of the voluntary separation opportunity on financial results will not be determined until after the personal election period is completed on Jan. 29, 2007. The company will discuss any significant financial impact from this action during its fourth quarter earnings call on Jan. 30, 2007.
UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS’s stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
