UPS cutting 1,800 jobs in US, raising outlook

AP

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ups

ATLANTA -UPS said Friday it will cut 1,800 management and administrative positions to streamline its U.S. small package segment.

The world's largest package delivery company also raised its profit forecast for the fourth-quarter that ended in December, citing improving operations and cost cuts.

About 1,100 employees will be offered a voluntary separation package as part of the work force reduction, UPS said.