UPS drops 194 employees in cost-saving move
UPS said that it would take a one-time charge of about $80 million after 194 employees accepted an early separation agreement.
The Atlanta-based company made the offer in December to employees above 50 years of age with more than 10 years experience as part of an effort to consolidate corporate functions such as human resources, finance and sales.
Normal retirement age at UPS is 65.
UPS said the streamlining effort would begin to produce positive returns after two years.
UPS drops 194 employees in cost-saving move
