07:27 AM EDT, 04/29/2025 (MT Newswires) -- United Parcel Service ( UPS ) said Tuesday it expects to reduce its operational workforce by around 20,000 positions in the year due to projected lower volumes from one of its largest customer.
The company said it also expects to close 73 leased and owned sites by June.
UPS said it forecasts $3.5 billion in savings from the moves.