UPS to Close 22 Package Centers, Cutting 30,000 Jobs in Restructuring Effort

UPS has announced the closure of 22 package centers, resulting in the elimination of 30,000 jobs as part of its ongoing restructuring efforts. This follows a previous reduction of approximately 50,000 jobs last year. The Long View, institutional investor, posted on X. In addition to the job cuts, UPS has outsourced its pension management to Goldman Sachs, a move that has reportedly led to increased fees. The restructuring is part of UPS's strategy to streamline operations and improve efficiency amid changing market conditions.