United Parcel Service (NYSE:UPS) will reportedly offer its union drivers a severance offer as part of the company’s “network reconfiguration." The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits,

Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time US drivers as part of the largest network reconfiguration in its history — a sweeping overhaul that includes cutting 20,

UPS is in the midst of a $3.5 billion cost-reduction effort and is offering union drivers a financial package to leave