United Parcel Service (NYSE:UPS) will reportedly offer its union drivers a severance offer as part of the company’s “network reconfiguration." The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits,

The Teamsters rebuked an offer from the United Parcel Service to buy out drivers affected by “the largest network reconfiguration in UPS history.” As part of a larger company restructuring amid rising automation and uncertain economic situations,

The United Parcel Service has announced that it is offering buyouts to full-time drivers as part of its execution of "the largest network reconfiguration" in the company's history.