Labor & Economic News Blog
Thursday, October 19, 2006
Are UPS layoffs a price of being public?
Are UPS layoffs a price of being public?UPS endured many years of steep financial losses in international operations throughout the late 1980s and much of the '90s — but the then-private company didn't lay off workers. International growth was the cornerstone of the company's expansion plan at the time, and UPS leaders were determined to go forward regardless of red ink. Today, however, the company appears less patient.
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