April 5 (Reuters) - United Parcel Service said on Sunday that it had reached an agreement with the International Brotherhood of Teamsters to cap severance offers at 7,500 drivers after a dispute over ...

UPS and the Teamsters union have reached an agreement over a controversial driver buyout program. The new agreement limits severance packages to 7,500 drivers, who will receive $150,000 for early ...

United Parcel Service (UPS) reached an agreement with the International Brotherhood of Teamsters to cap the number of severance packages it can offer, following pushback over the package giant's ...

When companies need to cut costs, many choose to reduce payroll expenses by offering an early retirement package, also known as a voluntary separation or severance package. Companies may offer these ...