Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022.
REUTERS/Andrew Kelly Acquire Licensing RightsLOS ANGELES, Aug 31 (Reuters) - United Parcel Service (UPS.N) has offered early retirement to its pilots as it works to offset softening demand, higher labor costs and business losses, a local television station reported on Thursday.
The move marks the first time the U.S. delivery company has made such an offer to pilots since 2010, when 109 opted to take the buyouts.
The company hopes that 167 pilots will take the early retirement offer, according to a news report from television station WDRB in Louisville, Kentucky.
UPS pilots are represented by a different union.
Persons:
Andrew Kelly, Lisa Baertlein, Jonathan Oatis
Organizations:
United Parcel Service, REUTERS, International Brotherhood of Teamsters, UPS, Thomson
Locations:
Brooklyn , New York City, U.S, Louisville , Kentucky, Atlanta, Los Angeles