LOS ANGELES—United Parcel Service on Monday confirmed it is taking steps to reduce its workforce in regions where delivery demand has softened, a comment that comes days after a local union reported that the company had begun nationwide layoffs of some drivers.
With the move, UPS joins rival FedEx and other major transportation companies in trimming jobs as the early pandemic’s e-commerce shipping boom fizzles.
But the stakes are higher at UPS, which is preparing for the largest North American private sector union contract negotiations later this year that will pit the world’s largest package delivery firm against the powerful Teamsters union….