UPS Inc. is offering pilots an early retirement package to reduce payroll amid declining package volumes.
The integrated parcel and logistics giant confirmed Thursday it wants to trim senior pilots from its ranks, a day after communicating with the pilot group.
“At UPS, we regularly assess our operations and make adjustments to better serve our customers. As part of our effort to efficiently manage our airline, we are offering a voluntary separation benefit to eligible UPS pilots,” UPS (NYSE: UPS) said in an emailed statement. “Those who choose to accept the offer will receive a comprehensive compensation package that includes cash and healthcare benefits.”
