UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall

UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall

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United Parcel Service plans to cut about 12,000 jobs this year as the company tries to slash costs in the face of falling package volumes and higher wages linked to a union contract it signed in the summer. Carol Tomé, the chief executive of UPS, told analysts on an earnings call Tuesday that it…

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