UPS recently announced that it plans to halve the number of employees at its headquarters in Germany to improve efficiency and streamline operations.
The president of UPS Germany, Austria and Switzerland said: “The company will continue to improve the customer experience, simplify business processes and increase efficiency, leading to future success. These efforts may result in some employees in the Neuss and Monheim offices. Changes in positions and responsibilities, including layoffs and job transfers.”
The president pointed out that the company’s layoff plan is to support the company’s ongoing transformation of sustainable growth across the enterprise. The layoffs are not to reflect the work attitude or dedication of some employees.
North Rhine-Westphalia is an important growth market for the company, and the layoff plan will not affect other positions in the region. The company is negotiating with employee representatives and ensuring that information is disclosed to employees throughout the negotiation process, while working closely with employee representatives to ensure a smooth transition.
Currently, UPS Germany has approximately 20,000 employees, distributed in 75 parcel centers, 11 supply chain logistics centers, the European aviation hub at Cologne/Bonn Airport, and headquarters and other work locations. Germany is the largest single market for UPS outside the United States.
It is understood that in the fourth quarter of 2020, UPS has revenue of US$24.896 billion, a year-on-year increase of 21%; net loss of US$3.263 billion, and adjusted net profit of US$2.3 billion, a year-on-year increase of 26.4%.
For the whole year, revenue increased by 14.2% year-on-year to US$84.6 billion; operating profit was US$7.8 billion, and adjusted operating profit was US$8.7 billion, an increase of 7% year-on-year. The company expects capital expenditures in 2021 to be approximately US$4 billion.
This article is reproduced from State Reading Network.
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