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peaceandlove · 01-13-2010, 06:07 AM

Hi Steve A,

Here is the latest on the USPS dilemma of lacking operating costs.

Beginning 1/11/2010 in the area near where I live the local 'small' post offices have changed their operating hours, now opening later in the morning and closing for lunch from 12:30 - 1:30.

Already the post office I use was closing at 4:00 PM, although I believe other post offices are now following suit.

PaL

Postal Service Offers Employees Buyouts to Quit

The Postal Service lost $2.4 billion during its third quarter and forecasts a $7 billion year-end loss, according to figures released earlier this month.

The Washington Post
Updated 3:36 p.m. ET
1/12/2010

The Postal Service is offering up to $450 million to employees if they will agree to quit their jobs, it announced Tuesday, the latest effort by the financially struggling agency to reduce its costs amid a sharp decline in mail volume.

Up to 30,000 employees can take the $15,000 bonus, which the Postal Service describes as a way to save up to $500 million during the next fiscal year, which begins in October.

The offer is available to Post Office retail clerks, distribution center mail handlers and clerks, and motor vehicle technicians. Letter carriers are not eligible, since the Postal Service is targeting only areas where it has an excess of workers, and the number of addresses grows on average by 1.5 million each year, according to the agency.

Continues: http://voices.washingtonpost.com/fed..._employee.html

SOURCE: http://solari.com/blog/

01-13-2010, 06:07 AM	#18
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Another Bailout Looming on the Horizon? Hi Steve A, Here is the latest on the USPS dilemma of lacking operating costs. Beginning 1/11/2010 in the area near where I live the local 'small' post offices have changed their operating hours, now opening later in the morning and closing for lunch from 12:30 - 1:30. Already the post office I use was closing at 4:00 PM, although I believe other post offices are now following suit. PaL Postal Service Offers Employees Buyouts to Quit The Postal Service lost $2.4 billion during its third quarter and forecasts a $7 billion year-end loss, according to figures released earlier this month. The Washington Post Updated 3:36 p.m. ET 1/12/2010 The Postal Service is offering up to $450 million to employees if they will agree to quit their jobs, it announced Tuesday, the latest effort by the financially struggling agency to reduce its costs amid a sharp decline in mail volume. Up to 30,000 employees can take the $15,000 bonus, which the Postal Service describes as a way to save up to $500 million during the next fiscal year, which begins in October. The offer is available to Post Office retail clerks, distribution center mail handlers and clerks, and motor vehicle technicians. Letter carriers are not eligible, since the Postal Service is targeting only areas where it has an excess of workers, and the number of addresses grows on average by 1.5 million each year, according to the agency. Continues: http://voices.washingtonpost.com/fed..._employee.html SOURCE: http://solari.com/blog/ Last edited by peaceandlove; 01-13-2010 at 06:16 AM.