The Dallas Morning News reported today that UPS is eliminating 64 accounting jobs at its facility in Coppell, TX. The reason? Outsourcing, of course.
A UPS spokesperson told the newspaper that the package delivery company is outsourcing transactional finance and accounting work in order to let employees “do more strategic work that can make a greater impact on our business and provide them with enhanced career opportunities.”
Unfortunately for the accountants, this would only apply to the employees who, ya know, still have a job at UPS, which reported second-quarter net income of $1.69 billion, or $1.94 per share, compared with $1.49 billion, or $1.71 per share, a year earlier.
In a letter to the Texas Workforce Commission, UPS said the job cuts will begin in October and continue into January 2019. It said the impacted employees will be offered severance pay. The company also told the Dallas Morning News that “we are assisting employees who part with the company to find new employment.”