May 25, 2013
A Big Buyout at the Postal Service
Posted on May 26, 2012
The money-losing USPS is offering buyouts to 45,000 mail handlers as it moves to slash its payroll and cut the number of processing centers around the country by nearly half.
The closures and buyouts are part of a plan to reduce the Postal Service’s staff of nearly 600,000 by 150,000 over the next two years. The cuts will shave $2.1 billion off the agency’s costs.
On its website, the National Postal Mail Handlers Union says optimistically that the cuts are part of a plan to help mail handlers “who might be prepared to move on to the next chapter in their lives.”
With so many USPS employees joining the ranks of the unemployed, one might ask exactly what new opportunities union leaders have in mind. —ARK
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