"For the first time ever, in recognition of these unique circumstances, we are looking to offer our full-time U.S. drivers the opportunity to participate in a voluntary program that would provide an opportunity to receive a generous financial package if they choose to leave UPS," the company said in a statement.

The United Parcel Service has announced that it is offering buyouts to full-time drivers as part of its execution of "the largest network reconfiguration" in the company's history.

United Parcel Service (NYSE:UPS) will reportedly offer its union drivers a severance offer as part of the company’s “network reconfiguration." The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits,