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Buyout Schemes

Teamsters Union Exposes UPS Plan To Reduce Union Jobs Through Buyouts

July 10, 2025 Sorcha Lona and Siobhan Moore, Fight Back! News. , , ,
Minneapolis, MN – On July 3, the International Brotherhood of Teamsters published an alert laying out a plan by the United Parcel Service (UPS) to offer buyouts for UPS drivers to retire early in exchange for cash payouts. When the Teamsters sent out the alert, UPS had not yet announced the plan publicly. Then on July 4, the company announced the plan which they are calling the Driver Voluntary Severance Program (DVSP). For many drivers, taking the buyout would forfeit benefits they have accrued as part of their contract. Carol Tomé is the CEO of UPS, and the company has been focused recently on plans to reduce jobs at UPS across the country.
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