UPS to chop 30,000 jobs because it strikes away from Amazon | EUROtoday

Parcel supply large UPS says it can reduce as much as 30,000 jobs this 12 months because it additional reduces shipments for its greatest buyer, Amazon.

The world’s largest bundle supply firm has been scaling again deliveries for the web retail large, which it says are “extraordinarily dilutive” to its revenue margins.

UPS says the job cuts can be made by way of buyout presents to full-time drivers and by not changing employees who go away the corporate voluntarily.

At the identical time, it reported earnings of $24.5bn (£17.7bn) for the ultimate three months of final 12 months. It additionally forecast a shock improve in income to $89.7bn for the 12 months forward.

Last 12 months, UPS mentioned it might begin to scale back its dependency on Amazon as a part of a turnaround plan, which might see the corporate concentrate on extra worthwhile clients like healthcare corporations.

It reduce 48,000 jobs and closed 93 services in 2025 because it diminished its Amazon deliveries. UPS has mentioned it can shut one other 24 services within the first half of this 12 months.

“We’re in the final six months of our Amazon accelerated glide down plan and for the full year 2026, we intend to glide down another million pieces per day while continuing to reconfigure our network,” mentioned chief government Carol Tome.

According to its 2024 annual report, UPS had about 490,000 staff with practically 78,000 working in administration. The agency has a unionised workforce.

UPS additionally mentioned it was formally retiring its fleet of MD-11 cargo planes following a lethal crash in Louisville, Kentucky in November. The planes, which make up about 9% of the agency’s fleet, had been grounded for the reason that accident.

UPS shares closed barely increased in New York buying and selling on Tuesday.