×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US Postal Service Cutting 7 | 500 Jobs | Closing 7 Offices

US Postal Service Cutting 7,500 Jobs, Closing 7 Offices

Thursday, 24 March 2011 03:22 PM

The U.S. Postal Service, which has said it may run out of money this fiscal year, plans to eliminate about 7,500 jobs and close seven administrative offices to cut costs.

The agency plans an early retirement and financial incentive program to move workers with a minimum of 20 years or a total of 25 years at the postal service depending on age out of its employee base, according to an statement e-mailed today. The changes will save $750 million a year, the agency said.

“It’s critical that we adjust our workforce to match America’s changing communications trends as mail volumes continue to decline,” Postmaster General Patrick Donahoe said in the statement.

The Postal Service has a workforce of almost 575,000 after cutting about 230,000 jobs through attrition since 2000. Donahoe told a congressional subcommittee earlier this month that the agency will eventually have a workforce in the “400,000 range.”

The seven district offices that are closing are Columbus in Ohio; South East Michigan; Northern Illinois; South East New England; South Georgia; Big Sky in Montana; and Albuquerque in New Mexico, the agency said.

© Copyright 2022 Bloomberg News. All rights reserved.


Economy
The U.S. Postal Service, which has said it may run out of money this fiscal year, plans to eliminate about 7,500 jobs and close seven administrative offices to cut costs. The agency plans an early retirement and financial incentive program to move workers with a minimum of...
US Postal Service Cutting 7,500 Jobs,Closing 7 Offices
183
2011-22-24
Thursday, 24 March 2011 03:22 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved