UPS to furlough pilots, sees gradual recovery

By IBTimes Staff Reporter | February 08 2010 4:56 PM

United Parcel Service on Monday announced plans to furlough at least 300 pilots as the pace of the U.S. economic recovery necessitates further cost-cutting.

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The furloughs would be implemented in phases, with the first 170 in May.

Even though the economy has begun to turn around, UPS anticipates a very gradual recovery and a continued need for belt-tightening, said UPS Airlines President Bob Lekites.

(Reporting by Helen Chernikoff; editing by Leslie Gevirtz)

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