UPS Agrees to Cap Driver Buyout Offers in Teamsters Settlement

UPS will limit its buyout program to 7,500 drivers nationwide as part of a settlement agreement with the International Brotherhood of Teamsters.

The buyout offer, known as the Driver’s Choice Program, will be offered to a limited number of workers based off of seniority, the Teamsters said Sunday. Long-haul feeder drivers and regular package car drivers will be eligible for the program under the settlement, according to the union.

United Parcel Service Inc also agreed to not offer an additional severance program until the expiration of the National Master Agreement in 2028 as part of the settlement, the union ...