ATLANTA — Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself for a gradual economic recovery.

About 1,100 employees will be offered a voluntary separation package as part of the work force reduction, which is meant to streamline the company's U.S. small package segment. Other cuts will come through attrition and layoffs.

UPS has 408,000 employees worldwide. About 340,000 of those workers are in the U.S.

UPS also raised its profit forecast for the fourth-quarter that ended in December, citing improving operations and cost cuts. There are no plans to close any operating facilities. UPS said the consolidation will not affect the sales and operations team, including drivers.