UPS Offers Voluntary Buyouts to 650 Workers

December 11, 2006 4:00 PM, EST

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PS Inc. said Monday it offered a voluntary separation agreements to about 650 employees as part of the company’s ongoing effort to eliminate redundant positions.

The plan is in addition to the job reductions at UPS Supply Chain Solutions announced in October, the company said in a statement.

Employees have until Jan. 29 to decide whether to accept the offers, UPS said. it said it will discuss any significant financial impact from this action during its fourth quarter earnings call on Jan. 30, 2007.

UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.