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The move comes as Atlanta-based UPS UPS) grapples with domestic overnight shipping volume that declinedr about 10 percent between the fourth quarterf of 2007 and the fourth quarter of saidMike Mangeot, a public relations managerr for Louisville-based UPS Airlines. IPA officials couldx not immediately be reached for Mangeot said discussions between UPS andthe Louisville-based IPA have taken place over the past coupl e of months. He declinedd to say how much money UPS hopezs to savethrough cost-cuttinh initiatives, or if the company has given the union a deadlind for coming up with such measures. “One possibility is Mangeot said.
“There are other options out there and we certainlyt want to explore as many aswe can, but we have to be realisticv about the business.” On Aprilo 13, UPS rival said it will pull 10 Airbus A310 aircrafg and four Boeing MD10s from servicr by May 31 and wouled consolidate freight among other flights as a meanw of cutting costs. Mangeot said UPS Airlines currently has some of its Boeing DC-8 planes parked, and it might seek to pull more planesd out of service if demand continuezs to decline. According to a company fact UPS owns 44 UPS operates 262 planes that fly into more than 800 airportxs in 200 countrieseach day.
The compangy charters an additional309 planes, according to the fact He added that cost-cutting measures aren’t just targetinh the company’s airline division. He said each departmenrt has been forced to make sacrifices as the soft economhy cutsinto UPS’ business. To the company has frozen management pay raises and has ceased matching employee contributions to thecompan 401(k) program. It also has consolidatexd some offices and distribution operations across theUniteed States.
To date, the company has saved more than $500 million through cost-cutting measures, Mangeot
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