UPS Seeks To Reduce Pilots Amid Drop In Air Freight Volume

United Parcel Service (NYSE:UPS) aims to entice 167 senior pilots to retire early, according to an offer that was disclosed to pilots this week.

The company confirmed that it’s offering “a voluntary separation benefit to eligible UPS pilots.”

“At UPS, we regularly assess our operations and make adjustments to better serve our customers,” UPS said in an emailed statement.

The offer includes “a comprehensive compensation package that includes cash and healthcare benefits,” UPS said, without elaborating.

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