United Parcel Service (UPS) is offering voluntary buyout packages to its union-represented delivery drivers for the first time in its 117-year history. This initiative is part of a broader effort to downsize its domestic ground network and reduce costs amid stagnant parcel volumes and rising labor expenses in the United States. The company plans to cut approximately 20,000 jobs and close 73 facilities as it restructures its operations, including scaling back its business with Amazon. The buyout offers come alongside existing pension and healthcare benefits. The Teamsters union, which represents the drivers, has criticized the move, stating that their members cannot be bought off. UPS management disclosed these intentions in April, emphasizing the need to align the workforce with the company's evolving business environment and financial challenges.