Copyright The Atlanta Journal-Constitution
As UPS continues a multiyear change to its business model that includes a downsizing of its relationship with Amazon, it announced Tuesday it has closed 93 buildings this year and cut 34,000 operational jobs. That total includes drivers who took an unprecedented voluntary retirement offer but is in addition to previously instituted cuts of about 14,000 management positions. “UPS is executing the most significant strategic shift in our company’s history. We’re focused on winning where it matters most,” CEO Carol Tomé told investors. As UPS continues a multiyear change to its business model that includes a downsizing of its relationship with Amazon, it announced Tuesday it has closed 93 buildings this year and cut 34,000 operational jobs. That total includes drivers who took an unprecedented voluntary retirement offer but is in addition to previously instituted cuts of about 14,000 management positions. “UPS is executing the most significant strategic shift in our company’s history. We’re focused on winning where it matters most,” CEO Carol Tomé told investors. The Sandy Springs-based company has been doing so against the backdrop of immense changes to trade policy in recent months, including the end of the de minimis exemption that allowed parcels under $800 in value to skip customs. The Sandy Springs-based company has been doing so against the backdrop of immense changes to trade policy in recent months, including the end of the de minimis exemption that allowed parcels under $800 in value to skip customs.
