US parcel delivery giant UPS plans to cut 12,000 jobs worldwide in the face of difficult business conditions, it said on Tuesday. The job cuts – around 2.5% of its global workforce of around 500,000 employees – are intended to save $1 billion, group chief executive Carol Tomé said on a conference call. The future of truck logistics company Coyote, which UPS only acquired in 2015, is also up in the air. A sale is being looked at for the subsidiary, which is suffering from the sharp drop in transport prices following a coronavirus boom. Last year, UPS missed its repeatedly lowered revenue target…