‘Difficult and disappointing year’: UPS to lay off 12,000 employees — just six months after workers won a ‘lucrative’ new labor deal. What’s going on with the shipping giant?

"...This shocking announcement made on Tuesday comes just six months after unionized UPS workers landed a “lucrative” new labor deal, which will see delivery drivers earning an average of $170,000 in annual pay and benefits by the end of the five years.

“2023 was a unique, and quite candidly, difficult and disappointing year,” said UPS CEO Carol Tomé during the company’s earnings call. “We