Just Months After "Massive Labor Deal," UPS Announces Massive Layoffs

How it started: The most pro-union president in history, President Biden, applauded Teamsters and logistics company United Parcel Service last summer for agreeing on a new labor contract that would significantly boost pay. 

How it's going: 

UPS workers approve massive new labor deal with big raises: Aug 23, 2023

UPS to cut 12,000 positions: Jan 30, 2024 pic.twitter.com/OWywSrnYZ5

— zerohedge (@zerohedge) January 30, 2024

Five months after unionized UPS workers ratified a massive five-year labor deal that included massive pay bumps (read: here), the logistics company announced on Tuesday morning that 12,000 jobs, or about 14% of its 85,000 management jobs, would be cut.