Call me naive or whatever.....but I think they're going to furlough because business is down about 20% give or take depending on the market. Exports from Taiwan are down about 50%, Japan about 30%, China about 30%. The've idled a bunch of DC 8's and a dozen or so 757's.
The capital markets and lending are in shambles. This isn't NPR and CNN hype. This is the worst thing to happen since 1929.
UPS has survived for over 100 years because they react to the current and anticipated business cycle and environment. Its not a socialist jobs program. We know how those "strategies" worked out (Cuba,USSR,Peoples Rep.China...)
In about 3 years, the current over 60 guys will be gone, UPS will be growing and stronger. The weak will have died and/or been eaten.
Pere