UPS Lays Off 404 in Denver Warehouse Amid Automation Push [Yahoo! Finance]
Pitney Bowes Inc. (PBI)
Last pitney bowes inc. earnings: 2/4 07:00 am
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Source: Yahoo! Finance
UPS is laying off 404 workers at a package processing facility near Denver as the logistics provider further turns to automation to power its warehousing operation. More from Sourcing Journal FedEx, GXO and Pitney Bowes Cut Staff in Round of Logistics Layoffs ILA Breaks Off East Coast Port Contract Talks Over Automation Natural Fiber Welding Switches CEOs, Furloughs 'Significant' Number of Employees According to a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company on Thursday, half of the Commerce City, Colo. warehouse will temporarily close on Jan. 15, 2025 as part of the facility's modernization. UPS expects the enhanced facility to fully reopen in 2026. The temporary closure won't impact customer service, a UPS spokesperson said. In the WARN notice, the Atlanta-based company said the layoffs were “due to changing business realities in our network.” This refers to UPS' “Network of the Future” plan, a network consolidation designed to
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PBI
Earnings
- 11/7/24 - Beat
PBI
Sec Filings
- 12/20/24 - Form 8-K
- 12/17/24 - Form 4
- 12/12/24 - Form 3
- PBI's page on the SEC website