UPS to hire 50,000 holiday workers

By Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- United Parcel Service expects to hire 50,000 seasonal employees to work this holiday season, the company disclosed Wednesday.

The total is unchanged from last year, a company spokesman said, amending an earlier statement that the hiring would set a record.

The company is ramping up hiring for short-term positions in anticipation of a spike in business during its "peak season," which covers the holiday period between Thanksgiving and Christmas.

UPS (UPS, Fortune 500) plans to hire workers to fill positions such as package sorters, driver helpers and others, according to a spokeswoman.

The hiring process will begin this month and will continue until all open positions are filled, UPS said. A "significant number" of the the seasonal employees will be offered permanent positions that last beyond January, when most of the seasonal jobs will end.

The announcement came after Kohl's (KSS, Fortune 500) said it plans to hire 40,000 temporary workers this holiday season, up 20% from last year.

Last week, Toys 'R' Us and Best Buy (BBY, Fortune 500) both unveiled plans to bring on a significant number of seasonal workers.

Toys 'R' Us said it would hire 45,000 seasonal employees for the holiday season, doubling its workforce. Best Buy said it will hire roughly 29,000 employees, matching last year's total.

Despite these developments, the overall trend in holiday hiring is expected to be little changed versus last year, according to a recent study from outplacement consultancy Challenger, Gray & Christmas, Inc.

John Challenger, the group's chief executive, said he expects to see an increase in seasonal hiring this year, but the levels will remain below those achieved in previous years. "There is still a lot of doubt about the sustainability of this economy," he said in a statement.

Meanwhile, two reports issued Wednesday paint a grim picture of the job market.

Private sector employers cut 39,000 jobs in September -- a turn toward the negative after the private sector added jobs for seven straight months before, according to a report by payroll processing firm Automatic Data Processing.

Separately, Challenger, Gray & Christmass said employers announced plans to cut 37,151 jobs in September, a 7% increase from the 34,768 job cuts reported in August. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,279.74 13.75 0.08%
Nasdaq 4,579.79 -13.64 -0.30%
S&P 500 2,010.40 -0.96 -0.05%
Treasuries 2.59 -0.04 -1.60%
Data as of 10:21pm ET
Company Price Change % Change
Yahoo! Inc 40.93 -1.16 -2.74%
Microsoft Corp 47.52 0.84 1.80%
Bank of America Corp... 16.95 -0.09 -0.53%
Oracle Corp 39.80 -1.75 -4.21%
Facebook Inc 77.91 0.91 1.18%
Data as of 4:04pm ET

Sections

Law enforcement officials say Frank Tamayo was the middleman in a $5.6 million insider trading scheme that involved him eating pieces of paper to cover up the crime. More

Scotland's clear rejection of independence has eased fears that it could suffer the kind of decline seen in Quebec after it failed to break away from Canada. More

It's really good to be Larry Ellison. The Oracle founder is stepping down as CEO, so maybe he'll have more time to enjoy his glamorous life. More

As Occupy Wall Street goes on its debt-abolishing tear, thousands of people across the country are begging them to forgive their loans. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.