United Parcel Service (UPS) continuously attracts attention from investors with a series of strategic actions it has taken recently. The company's quarterly dividends have been highlighted multiple times, indicating their commitment to shareholder value. UPS has also announced their acquisition of multinational healthcare logistics provider
Bomi Group aiming to increase its footprint in the healthcare logistics industry. Moreover, they released their Q4 2021 and Q4 2022 earnings, impressively beating market expectations, and surpassed Q4 earnings estimates. The impact of UPS's earnings for investors has been significant. Equally important, the company intends to close about 200 facilities and announced a substantial job cut of 12,000 employees. Particularly, the company's negotiation with Teamsters, a potential strike from UPS workers, and the preparation against it grabbed head-validates.
Teamsters touted about a $30 billion deal, and the UPS managed to avert the strike. Furthermore, part-time UPS workers have voiced their challenges with job conditions and UPS's new contract deal associated with a salary of up to $172,000 per year for UPS drivers renewed belief in unions and middle-class sustenance.
United Parcel Service Class B UPS News Analytics from Thu, 07 Nov 2019 08:00:00 GMT to Sun, 04 Aug 2024 14:38:06 GMT -
Rating 3
- Innovation -5
- Information 5
- Rumor -3
