The American UPS Parcel Messaging and Delivery Group will eliminate 20,000 jobs worldwide in 2025, a few months after the announcement of a contract with a contract with Amazon, its main client.
The Logistics Company indicated on Tuesday, April 29 that it intended to “reduce its operational workforce by around 20,000 jobs” for the year, as well as closures “73 rented and detained buildings at the end of June 2025”, on the occasion of the publication of its quarterly results. He uses about 490,000 people in total, according to their website.
At the end of January, UPS had announced that he hoped to see the decrease in his income in 2025, after having reached an agreement with his largest client, Amazon, to reduce his volume by more than 50% in June 2026. Amazon represented almost 12% of UPS’s income, a level considered too high by UPS.
A greater gain
Then, the latter had indicated to start a reorganization before leading it to close up to 10% of its centers, reduce the size of its fleets of vehicles and airplanes and decrease its workforce, but had not yet specified the number of employees in question.
From January to the end of March, the Company of Atlanta (Georgia) also recorded an almost stable turnover of 21.5 billion dollars (-0.7% for a year), greater than the expectations of the analysts interviewed by Factstet. The net gain was approximately $ 1.19 billion by 6.6%, above the expectations of analysts.
Given the current macroeconomic uncertainty, the company indicates that it does not provide any update of its annual perspectives. In electronic exchanges before opening the New York Stock Exchange, the title was 1.1%.
Source: BFM TV
