UPS expected to freeze pensions for nonunion employees

|By:, SA News Editor

UPS (NYSE:UPS) is expected to announce later today a new plan to control pension costs.

Sources indicate that one of the measures is to freeze pension plans for thousands of nonunion employees.

The company's U.S. pension ballooned to $9.85B at the end of 2016.

Shares of UPS are down 3.17% YTD.

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