UPS to Limit Buyouts, Offer $150,000 Severance for Drivers After Teamsters Deal

Some Ohio drivers frustrated after union grievances lead UPS to pull $150,000 buyout offer

COLUMBUS, Ohio (WCMH) — Some Ohio UPS drivers are frustrated after union pressure led UPS to withdraw its $150,000 buyout program less than a month before it took effect. The buyout was offer…

UPS Price Target Trimmed to $105 by BofA as Teamsters Settlement Tightens the Road to Margin Recovery

The post UPS Price Target Trimmed to $105 by BofA as Teamsters Settlement Tightens the Road to Margin Recovery appeared first on 24/7 Wall St.. Quick Read United Parcel Service (UPS) stock fell after Bank of America cut its price target to $105 from $112, citing constrained margin improvement as the Teamsters settlement limits the Driver Choice buyout program, forcing the company to rely more on natural attrition to reduce its 30,000-position …

UPS, Teamsters union reach settlement on driver severance packages

Under the agreement, UPS can offer severance packages to up to 7,500 drivers nationwide.

UPS to limit buyouts, offer $150,000 severance for drivers after Teamsters deal

Seniority and severance disputes appeared to be settled after an agreement between UPS. (AP photo)

After dispute, UPS, Teamsters reach agreement on driver buyout offer