US Postal Service Mass Layoff - 150,000 Early Retirement

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US Postal Service Mass Layoff - 150,000 Early Retirement
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Postal Service plans deep cuts
http://www.bizjournals.com/albuquerque/ ... aily4.html
The U.S. Postal Service will cut jobs, offer early retirement to tens of thousands of employees and close administrative offices, the latest round of cutbacks in the last year.

The Postal Service plans to close six of its 80 district offices this year, and reduce administrative staff positions at the district level by 15 percent, including 1,400 mail processing supervisor and management positions at nearly 400 facilities around the country.

It will also offer early retirement packages to 150,000 employees nationwide.

In the past year, the Postal Service has frozen executive salaries, implemented a hiring freeze, sold under used post office locations and cut back hours at others.

The latest cuts will save the Postal Service an estimated $100 million a year, according to the service.