UPS is introducing a voluntary buyout program for its full-time U.S. drivers, offering $1,800 per year of service with a minimum payout of $10,000. Applications will be accepted from July 18 to July 31, with separation dates set between August 31 and October 31, depending on business needs. This marks UPS’s first buyout program for drivers amid a significant network overhaul aimed at improving profitability, which includes facility closures and anticipated job reductions. The Teamsters union is urging members to reject the buyout, asserting it violates their contract.

Source: https://www.supplychaindive.com/news/ups-driver-severance-payment-offer-dates/753450/