00:00It's Benzinga, bringing Wall Street to Main Street.
00:03UPS said Tuesday it plans to...
00:05...to eliminate up to 30,000 operational jobs in 2026 as it winds down its...
00:10...partnership with Amazon and advances a multi-year turnaround plan, according to CNB.
00:15CFO Brian Dykes said the company expects to reduce...
00:20...total operational hours by about 25 million tied to the Amazon decline.
00:24The company will...
00:25...pursue the cuts through attrition and a second voluntary separation program for full-time drivers.
00:30UPS also identified 24 buildings for closure in the first half of 2026.
00:35With more closures possible later in the year after shutting 93 buildings last year.
00:40The Teamsters said they support UPS achieving growth and cost savings if the company honors...
00:45...its contracts and rewards union members who perform the core work.
00:49The company...
00:50...they said it will further deploy automation across its network.
00:53UPS expects...
00:55...$3 billion in savings from the Amazon Unwind.
00:58The company reported fourth quarter earnings...
01:00...that beat estimates.
01:01For all things money, visit Benzinga.com.
01:05...ELIX WCHCOWING
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