UPS pilot layoffs follow slump in package-delivery business

UPS plans to furlough as many as 100 pilots, about four percent of its total, in the latest sign of the stubborn slump in package deliveries. The layoffs are the first since UPS launched its own airline in 1988. The Atlanta company, which said no additional job cuts are planned, hopes to avoid at least some layoffs by offering leaves of absence or “voluntary separation plans,” a spokesman said. UPS said the layoffs aren’t related to contract talks with the in-house Independent Pilots Association union. UPS’s US next-day air deliveries have fallen for five of the past eight quarters.
-The Asian Wall Street Journal