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Hindustan Times
2 days ago
- Sport
- Hindustan Times
Soccer-Spain's Hermoso left out of Women's Euro 2025 squad
June 11 - Jenni Hermoso has been left out of the Spain squad for the Women's European Championship, with coach Montse Tome saying there was too much competition for places in her position. The 35-year-old forward played a key role in Spain's World Cup victory in 2023 and is the country's leading goalscorer but has featured less frequently for the side in recent months. Hermoso was also at the centre of a scandal involving former Spanish Football Federation President Luis Rubiales, who was found guilty of sexual assault for kissing the player without her consent after Spain's World Cup win in Sydney. Rubiales said the kiss was consensual. Hermoso, who plays club football for Mexico's Tigres, was last called up to the Spain squad for friendlies against Italy and Canada in October and was part of the squad for last year's Paris Olympics. "I spoke with Jenni already in the beginning of the year, we had a conversation," Tome told reporters on Tuesday. "We've done with her what we've done with everyone else. We've valued her season in Tigres, we've spoken with the manager in different times, and we did what we had to do, to assess what we need from the players." Tome said Patri Guijarro, Maite Zubieta, Alexia Putellas, Aitana Bonmati, Vicky Lopez, Mariona Caldentey and Claudia Pina were all capable of playing in Hermoso's position. "It's difficult to make it to the final list of 23 players," she added. Spain are in Group B of the tournament in Germany, alongside Portugal, Belgium and Italy. They play Japan in a warm-up game on June 27 before taking on Portugal in their campaign opener on July 3.
France 24
3 days ago
- Sport
- France 24
Bonmati, Putellas lead Spain as Hermoso overlooked for Euro 2025
Coach Montse Tome included 11 members of the 2023 World Cup-winning squad. But Tome has decided again not to call up experienced forward Hermoso. She has insisted Hermoso's recent absence is a sporting decision. Ex-football federation chief Luis Rubiales forcibly kissed Hermoso after the 2023 Women's World Cup final for which he was fined 10,800 euros ($11,670) for sexual assault, a sentence which is being appealed. "I spoke with Jenni at the beginning of the year. We had a conversation. She came to the first FIFA matchday and didn't get many minutes," Tome told a press conference of Spain's all-time leading women's scorer, who plays for Mexican club Tigres. "We've evaluated her year, we've spoken with her coach on several occasions, and we've done what we have to do to see what we need or don't need from the players," the coach continued. La Roja play a friendly against Japan on June 27, and two days later will head to Switzerland. They start their Euros campaign on July 3 against Portugal in Bern and will face Belgium and Italy on July 7 and 11. Squad Goalkeepers: Cata Coll (Barcelona), Adriana Nanclares (Athletic Bilbao), Esther Sullastres (Sevilla) Defenders: Ona Batlle (Barcelona), Jana Fernandez (Barcelona), Irene Paredes (Barcelona), Laia Aleixandri (Manchester City/ENG), Maria Mendez (Real Madrid), Olga Carmona (Real Madrid), Leila Ouahabi (Manchester City/ENG) Midfielders: Patri Guijarro (Barcelona), Aitana Bonmati (Barcelona), Alexia Putellas (Barcelona), Vicky Lopez (Barcelona), Maite Zubieta (Athletic Bilbao)
Time of India
29-04-2025
- Business
- Time of India
UPS to lay off 20,000 employees, shut down facilities as it reduces Amazon shipments
United Parcel Service (UPS) has announced its plans to cut nearly 20,000 jobs and close 73 facilities by the end of June. This move comes after the biggest package delivery company in the world decided to sharply cut back on the shipments from its largest customer, Amazon . The company announced that it expects the job cuts to take place this year and the facility closures, across both leased and owned sites, by June 30. UPS is still reviewing its network and may identify additional locations for shutdown. As per FactSet data, the company employs about 490,000 workers. The upcoming job cuts will reduce UPS' workforce by slightly over 4%. This decision follows the company's announcement to cut 12,000 positions last year. What UPS said about the job cuts In a statement to the news agency Reuters, a UPS spokesman said the job cuts reflect a 50% reduction in shipping volume from Amazon, its largest customer, combined with broader cost-cutting and efficiency initiatives as part of a major operational restructuring. In its recent regulatory filing, the company said that cuts are in "connection with our anticipation of lower volumes from our largest customer.' UPS CEO Carol Tome said: 'The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier. The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.' This decision follows a slowdown in economic growth and mounting recession fears driven by Trump's aggressive trade policies. "The world hasn't been faced with such enormous potential impacts to trade in more than 100 years," Tome noted during the company's latest earnings call. UPS CFO Brian Dykes added: "These actions will enable us to expand our US Domestic operating margin and increase profitability.' In January, UPS agreed with Amazon to reduce the volume it handles by more than 50% by the second half of 2026. Speaking on the fourth-quarter earnings call, Tome noted that after nearly 30 years of partnership, the renewal of Amazon's contract this year prompted a reassessment of the relationship. 'Amazon is our largest customer but it's not our most profitable customer. Its margin is very dilutive to the U.S. domestic business,' Tomé said at the time. Meanwhile, an Amazon spokesperson said to Reuters: 'Due to their operational needs, UPS requested a reduction in volume and we certainly respect their decision.'
Yahoo
29-04-2025
- Business
- Yahoo
UPS warns of "enormous" trade disruption as US-China tensions escalate
-- United Parcel Service (NYSE:UPS) executives issued stark warnings about the impact of escalating trade tensions between the United States and China during the company's first-quarter earnings call Tuesday. CEO Carol Tome delivered perhaps the most sobering assessment, stating that "the world hasn't been faced with such enormous potential impacts to trade in more than 100 years," as the logistics giant navigates uncertain waters amid new tariff threats. The Atlanta-based shipping company revealed that its China-to-US trade lanes, which account for 11% of UPS's total international revenue, are its most profitable business channels. Tome emphasized that "the real point of uncertainty is this China tariff matter," adding that she hopes for clarity by the end of the second quarter as customers anxiously await policy developments. Small and medium-sized businesses appear particularly vulnerable to the brewing trade war, with Tome noting that "many of our small and medium-sized businesses are 100% single-sourced from China." These smaller enterprises, lacking the financial resources of larger corporations, face difficult decisions as they contend with potential tariff increases that could significantly impact their operations and profitability. UPS executives disclosed that customer behavior is already shifting in response to trade tensions, with clients increasingly moving from air freight to ocean freight to manage costs. The company also reported seeing exports from Europe, Vietnam, Thailand and other countries growing by nearly double-digit percentages to the United States, indicating an accelerating "China plus one" diversification strategy among global shippers. The logistics giant expects China-to-US shipments to decline by nearly 25% in the coming period, according to CFO Brian Dykes, though he noted this would be "offset by material improvements in China to rest the world and rest the world to the US." This trade lane realignment reflects the complex and rapidly evolving nature of global supply chains as businesses adapt to new economic realities. Despite the challenging trade environment, UPS reported that demand shifted downward more significantly than expected in February and remained at that lower level through March. The CFO acknowledged the "macro environment is highly uncertain due to changing trade policy and tariff uncertainty," complicating the company's ability to forecast with confidence beyond the current quarter. UPS is responding to these challenges with significant operational restructuring, with Tome announcing the company "will complete 164 operational closures, including 73 building closures by the end of June." This aggressive move, alongside the managed decline of less profitable Amazon (NASDAQ:AMZN) volume, which fell 16% in the first quarter, reflects UPS's strategy to adapt to changing market conditions while improving profitability. For the second quarter, UPS forecasts consolidated revenue of approximately $21 billion with an operating margin of around 9.3%, while average daily volume is expected to decline roughly 9%. The company's cautious outlook underscores the significant uncertainty facing global logistics providers as international trade relationships undergo their most dramatic reconfiguration in a century, with potentially far-reaching consequences for businesses across the global economy. Related articles UPS warns of "enormous" trade disruption as US-China tensions escalate Amazon says tariff pricing wasn't planned for main site, as WH calls 'hostile act' Needham bullish on Twilio on upside on AI, free cash flow Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
UPS cutting around 20,000 jobs due to 'new or increased tariffs'; 73 buildings closing
The United Parcel Service (UPS) is expected to reduce its workforce by roughly 20,000 during 2025, citing "new or increased tariffs" and "changes in general economic conditions in the U.S. or internationally" for the cuts. UPS announced the layoffs April 29 in its first quarter earnings report, in which the parcel delivery service said it made consolidated revenues of $21.5 billion, compared to $21.7 billion around the same time a year ago. Consolidation efforts for UPS come as President Donald Trump's looming tariffs continue to impact U.S. and global trade, as companies across the country are reducing costs in preparation for a possible economic fallout. For UPS specifically, it cautioned in January that it was expediting its plan to reduce millions of deliveries for its largest customer, which accounted for 11.8% of its overall revenue in 2024, CNBC reported. "The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier," Carol Tomé, UPS's chief executive officer, said in the report. "The macro environment may be uncertain, but with our actions, we will emerge as an even stronger, more nimble UPS.' White House press secretary Karoline Leavitt lashed out at Amazon after a report said the e-commerce giant was planning to list the costs of Trump's tariffs next to the total prices of products, which Leavitt called "a hostile and political act" while speaking to reporters on April 29. In addition to the position cuts, UPS said it plans to close 73 leased and owned buildings by the end of June 2025, according to the earnings report. "We are continuing to review our network and may identify additional buildings for closure," the Atlanta-based parcel delivery service said. The job cuts and building closures are expected to save UPS $3.5 billion in 2025, the earnings report says. UPS' consolidation and cost-saving initiative, "Network Reconfiguration and Efficiency Reimagined," is expected to end in 2027, according to the parcel delivery service. UPS, the world's largest package delivery firm, forecasted in January a full-year revenue of $89 billion, CNBC reported. USA TODAY contacted UPS on April 29 for further comment. In January 2024, UPS announced the layoffs of nearly 12,000 employees across the globe to "align resources for 2024." During a company earnings call at the time, Tomé said the cuts would save the company nearly $1 billion. His comments came after UPS underwent a massive year-over-year decline in revenue. 'I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row,' Tomé said in a statement released by the company in 2024. '2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.' This article originally appeared on USA TODAY: UPS cutting 20,000 jobs, closing 73 buildings in 2025 Sign in to access your portfolio
