UPS to close 200 hubs, cut Teamster jobs
Atlanta, GA – United Parcel Service (UPS) announced on March 26 that the company plans to close up to 200 UPS hubs and automate sorting at the remaining hubs within the next five years. The plan is part of a broader initiative by UPS called “Network of the Future” which looks to automate union jobs with a goal of saving the company $3 billion in labor costs by 2028. UPS made $6.7 billion in profit last year and UPS CEO Carol Tomé took home $23.4 million in total compensation.