UPS Resets Business Mix With Job Cuts And Healthcare Expansion
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UPS (NYSE:UPS) is launching a major restructuring that includes up to 30,000 operational job cuts and the closure of 24 facilities in 2026. The company is scaling back its large parcel volume relationship with Amazon to focus on higher margin shipments, accepting near term volume pressure. UPS has acquired Andlauer Healthcare Group and Frigo-Trans, expanding its footprint and capabilities in global healthcare logistics. UPS shares trade at $103.7, with the stock up 4.0% over the past month...
📄 Summary
UPS (NYSE:UPS) is launching a major restructuring that includes up to 30,000 operational job cuts and the closure of 24 facilities in 2026. The company is scaling back its large parcel volume relationship with Amazon to focus on higher margin shipments, accepting near term volume pressure. UPS has acquired Andlauer Healthcare Group and Frigo-Trans, expanding its footprint and capabilities in global healthcare logistics. UPS shares trade at $103.7, with the stock up 4.0% over the past month...