UPS Offers Buyouts to 167 Pilots as Air Cargo Slumps

UPS Gives Buyouts to 167 Pilots as Air Cargo Slumps

Tail part of a UPS cargo jet. (Luke Sharrett/Bloomberg Information)

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UPS Inc. is providing a voluntary severance package deal for 167 pilots amid a stoop in air freight quantity.

“As a part of our effort to effectively handle our airline, we’re providing a voluntary separation profit to eligible UPS pilots,” UPS mentioned in an announcement. The corporate is in search of to persuade 157 captains and 10 first officers to simply accept the supply, mentioned a spokesman for the Impartial Pilots Affiliation, the union that represents the three,400 UPS pilots. The supply was first reported by WDRB in Louisville, Ky.

Airfreight demand has dropped as shoppers shifted spending to companies and away from the products that fueled a growth of package deal supply in the course of the pandemic. Quantity at UPS’ worldwide section fell 6.6% within the second quarter from a yr in the past and worldwide flight hours dropped 9.4%.

The supply will embrace money and well being care advantages for the pilots who settle for, the corporate mentioned within the assertion. UPS introduced earlier this month it had lowered administration positions by 2,500 in the course of the second quarter from a yr in the past.

UPS Inc. ranks No. 1 on the Transport Subjects Prime 100 record of the most important for-hire carriers in North America.

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