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,

UPS offers voluntary buyouts to delivery drivers for the first time in its history, as part of a major network reconfiguration that may cut 20,000 jobs.

The parcel giant said it will offer voluntary buyouts to its full-time drivers as part of the largest company restructuring in its history.