Posted: Jan 8, 2010 7:31 AM by Associated Press
UPS will cut 1,800 management and administrative positions to streamline its U.S. package segment.
The world's largest package delivery company said Friday that about 1,100 employees will be offered a voluntary separation package as part of the work force reduction.
UPS Inc., based in Atlanta, also said it expects to top its previously announced earnings prediction for the fourth-quarter of 2009. It expects to earn 73 to 75 cents per share, from a previous estimate of 58 to 65 cents per share. UPS will report fourth-quarter earnings next month.