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Consolidation troubles are causing United Parcel Service Inc. to cut 1,200 jobs at its unprofitable UPS Supply Chain Solutions division.
According to Business First, in a conference call with analysts, company officials said UPS' Supply Chain and Freight segment, which includes UPS Supply Chain Solutions, UPS Freight and several other smaller subsidiaries, has experienced high overheard costs stemming from two large consolidations. The segment on Thursday reported a loss of $19 million for the third quarter, compared with net income of $70 million a year earlier
Supplychainer: UPS to cut 1,200 supply chain jobs