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UPS plans to cut 12,000 management jobs and explore the sale of its Coyote truck brokerage business in moves CEO Carol Tomé is taking to offset soft demand and higher union labor costs.
The jobs reductions, about 14% of 85,000 full- and part-time managers, will save $1 billion this year and more in subsequent years, Tomé said on an earnings conference call with analysts on Tuesday. She also said the company planned to ask workers to return to office five days a week in 2024.
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New research shows companies are ramping up spending on workplace meals, with employees citing food perks as a key factor in staying and showing up.
Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
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The future of employee wellness means that employers must balance strategies that combine meaningful new health and financial benefits.
President Donald Trump framed the new six-figure fee as part of his effort to protect American jobs and national security.
