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UPS want to slash approximately 20,000 and close more than 70 objects.
The package delivery company said he expects the work to cut the case this year on Tuesday. By the end of June, 73 rented leased and belonging to the buildings. UPS still said that he has reviewed his network and more buildings for the closure of more buildings.
“The actions we saw to reduce our network and reduce the value in our work could not be scheduled,” CEO Carol Tomé said on Tuesday. “The macro environment can be indefinitely, but we will emerge as a stronger, more flexible increase with our actions.”
In January, Amazon announced that the largest customer was contracted with Amazon to reduce the volume of more than 50% to the second half of 2026.
During the good fourth Quarter gain conference, Tome has been a partner with Amazon for almost 30 years, and this year’s contract has decided to re-evaluate the relationship.
“Amazon is our largest customer, but this is not our most affordable customer,” Tomé said. “His margin is very secret for the internal work of the United States.”
Tome said UPS considered various options and determines the best alternative for the reduction of sounds.
According to the facts, about 490,000 employees.
United Parcel Service Inc. also reported the first quarter financial results on Tuesday. Atlanta-based company, $ 1.19 billion in the quarter, ended on March 31 in the quarter.
It was $ 1.49 to remove certain items, share earnings. This is better than $ 1.44 for analysts called analysts questioned by ZACKS investment studies.
The revenue rated $ 21.55 billion, the report of Wall Street $ 21.06 billion.
UPS said there was no update to the full annual meeting, given the current macroeconomic uncertainty. The company previously waited for $ 2025 worth of $ 89 billion.
UPS shares increased slightly in morning trade.
