UPS is seeking $40 million in cost savings this year from its pilots, and the pilots union is looking for alternatives to furloughs. UPS says the union is considering leaves of absence, early retirements, reduced-pay-guarantee routes and job sharing. About 300 pilots could be furloughed, or idled, if Atlanta-based UPS doesn't get the savings it says it needs. That's 10 percent of the 3,000 pilots represented by the union. The company says the severe downturn in the global economy has caused UPS package and freight volumes to decline. Company spokesman Michael Mangeot says UPS expects to know in early June if the volunteer effort at cost savings is successful.
(Associated Press)
(Associated Press)
