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flag UPS and Teamsters union settle severance dispute allowing company to cut up to 30,000 jobs.

flag UPS and the Teamsters union have reached a settlement to cap severance offers at $150,000 for up to 7,500 drivers, resolving a dispute over the company's workforce reduction plans. flag The agreement comes after the union objected to UPS's Driver Choice Program, which the union argued violated their contract. flag This settlement allows UPS to continue with its restructuring efforts, including cutting up to 30,000 jobs and closing facilities.

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