NY Times - UPS has since last year reduced its work force by 48,000 employees, the company said on Tuesday, in a cost-cutting drive aimed at bolstering profits and winning back investors.
The Atlanta-based delivery company, which had nearly half a million employees at the start of the year, said 34,000 positions were cut this year among its drivers and warehouse workers, mostly in the United States. The other 14,000 came out of management’s ranks in cuts that began last year.
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