Unprotected by a union, managers at UPS take the hit for lost revenue
From Fortune:
UPS announced plans to cut 12,000 mostly management positions and consider selling its Coyote truckload brokerage business. Despite recent historic benefits for drivers, the company is looking to save $1 billion amid falling revenue with layoffs. White-collar workers are facing job losses and potential replacement by technology. The shift highlights a trend of job cuts among once high-flying tech companies. While labor disputes are impacting UPS’s woes, executives are turning to automation in the form of 3,000 robots to improve efficiency. White-collar union protection is scarce, while blue-collar workers are seeing gains in stability and benefits. The UPS announcement raises questions about the future of managerial jobs and the rise of labor unions among different worker groups.
Read more: Unprotected by a union, managers at UPS take the hit for lost revenue