Posts tagged buyout
UPS retracts driver buyout option in 13 states under union pressure
March 30, 2026 // United Parcel Service has notified the Teamsters union that it will withdraw its $150,000 buyout program for parcel and linehaul drivers in 13 central states in response to strong protests from local union chiefs, complicating the company’s effort to eliminate 30,000 jobs as it downsizes its network amid a reduction in parcel volume.
Oakland Schools, Teachers Union Reach Deal, Avert Strike
March 1, 2026 // Last summer, it just regained local control after 20 years in state receivership. Without factoring in the price of the new deal, OUSD is eyeing $102 million in cuts by June. Interim Superintendent Denise Saddler told the school board this week that without those reductions, “we won’t be able to pay all the people on our payroll in the fall. We don’t have the money in the budget for next year.” On Wednesday, OUSD approved cutting nearly 400 staff positions, including 180 filled by OEA members, through early retirement buyouts, elimination of vacant positions, and layoffs. Altogether, that is estimated to save about $11 million annually
Teamsters union sues UPS to block delivery driver buyouts
February 12, 2026 // UPS said it has been engaged with the Teamsters on a voluntary separation plan since early January and didn’t spring any surprise on the union last week. “We are aware of the Teamsters’ response to the voluntary separation program we planned to offer our U.S. full-time drivers and are working to resolve the matter through the legal process. This does not affect our operations, and we will continue to provide the reliable service our customers expect from UPS,” said Genny Bowman, vice president of communications, in a statement to FreightWaves.
Unions skeptical of potential Healey plan to offer buyouts to state employees
November 5, 2025 // Local 509 SEIU, which represents 8,600 employees that fall under the executive branch, most of whom are human service workers, sent a memo to its members on Friday saying that the administration “has presented all state worker unions, including Local 509, with a proposal to reduce the number of full time employees across the Commonwealth.” The new of potential buyouts was first reported in The Boston Herald. “The Commonwealth has proposed $10,000 for a voluntary resignation and $20,000 for retirement. Our understanding is that when these positions become vacant, they would not be backfilled and would be eliminated,” the memo says. SEIU President David Foley said he and other union officials who represent the over 45,000 executive branch workers in Massachusetts were immediately concerned about the idea, especially since the Healey administration chose last month not to adjust its revenue estimate despite raising alarms that they can no longer reliably depend on federal revenues and reimbursements.
Where the Jobs Are (and Aren’t): Sectoral Shifts and the Federal Workforce Pullback
November 5, 2025 // Healthcare’s steady expansion and manufacturing’s contraction capture the reallocation story at the heart of today’s labor market. Where jobs grow—and where they disappear—helps explain why some young workers thrive while others stall. Meanwhile, the federal workforce reductions mark one of the most significant government pullbacks in decades, echoing the reform-minded cuts of the 1990s.
LA Times union to hold first-ever strike authorization vote as contract talks near 3rd year
August 18, 2025 // Last month, the L.A. Times Guild slammed management after the paper sent buyout offers to a small group of staffers, a move the union said “egregiously” violates employee contracts. And this all follows a brutal year for the storied paper, which has been beset by a series of layoffs and buyouts amid incremental ideological shifts mandated by billionaire owner Patrick Soon-Shiong.
UPS Avoids Teamsters Strike at Largest Air Hub as Union Further Slams Buyouts
August 14, 2025 // The Teamsters alleged that the package delivery company had ignored or delayed answering complaints that they were regularly diverting airport distribution services to workers paid a lower rate. UPS agreed to a new settlement that solved a jurisdictional dispute between two Teamsters local branches at the maintenance center. In Chicago, the union secured a first contract for its administrative and specialist workers at Teamsters Local 705, with the new deal earning the employees the top wage rate for their respective job duties.
UPS buyout details: What’s in the offer, how many jobs are affected and what Teamsters say
July 30, 2025 // UPS is offering a voluntary buyout program to U.S. full-time drivers for the first time in its history. The Teamsters union criticizes the buyout, calling it "insulting" and a violation of the 2023 contract. UPS attributes the buyout to restructuring efforts following revenue decline and increased costs. The buyout, called the "Driver Voluntary Separation Program" is available for consideration by full-time, U.S.-based drivers, and is the first time in the company's history this sort of offer has been made to drivers, UPS said in a statement.
US agencies shrink layoff plans after mass staff exodus
July 16, 2025 // This is the latest example of the Trump administration walking back announcements to cut federal workers, after more aggressively pursuing staff reductions earlier this year. The Department of Veterans Affairs said in July that it would reduce staff by about 30,000 people rather than 80,000. Upon taking office in January, President Donald Trump launched a campaign to overhaul the 2.3 million-strong federal civilian workforce, led by billionaire Elon Musk and his Department of Government Efficiency. By late April, about 100 days into the effort, the government overhaul had resulted in the firing, resignations and early retirements of 260,000 civil servants, according to a Reuters tally.
UPS offers buyout to union drivers, drawing ire from Teamsters
July 7, 2025 // The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits, including health care and pension disbursements, according to a company emailed cited by Bloomberg. But according to the Teamsters union -- which represents 340,000 UPS (NYSE:UPS) drivers -- the “illegal” plan violates the contract between UPS and the Teamsters signed in August 2023, and would be less than what rank-and-file Teamsters now earn and could continue to make over the life of the current agreement.