New Delhi, Oct. 28 -- United Parcel Service on Tuesday said it had eliminated 34,000 jobs this year to cut costs, as the firm posted better profits than the Wall Street's expectations.

Giving details about its turnaround efforts, UPS said that the job cuts were done in its permanent operational workforce, which includes drivers and package handler.

The 34,000 eliminated jobs marked a 70 per cent increase from its previous target. UPS had in April said it was planning to lay off 20,000 of its employees as part of its turnaround plan.

Apart from the UPS layoffs, the company has been looking at other ways to cut its costs as it significantly reduces the number of Amazon shipments it handles.

UPS closed daily operations at 93 leased and o...