May 20, 2012

USPS to Cut 28,000 Via Buyout Incentives

"...The U.S. Postal Service will trim 5,000 jobs by closing or consolidating 48 mail-processing plants over the next three months.

The closures, scheduled for July and August, will be the first of three waves of cutbacks intended to slash 28,000 jobs and reduce the mail-processing network from 461 plants to 232 by 2014...Postal officials expect to handle all 28,000 job cuts through attrition...

The sweeteners include both voluntary early retirement incentives, as well as $15,000 buyouts payable in two installments this year and next year, according to Postal Service documents released by the office of Rep. Elijah Cummings of Maryland, the top Democrat on the House committee that oversees the Postal Service

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Read more at FederalTimes.com

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