UPS to place cap on $150,000 driver buyouts following Teamster negotiations

Shipping giant United Parcel Service (UPS) reached an agreement with the International Brotherhood of Teamsters, placing limits on driver buyout program. On Sunday, April 5, the Teamsters announced an agreement had been reached with UPS over the company’s Driver Choice Program (DCP). Under the new agreement, UPS may only offer $150,000 payments for early retirement to 7,500 drivers. The payments will be offered to long-haul feeder drivers and Regular Package Car Drivers in all regions based on seniority.