USPS Turns to Buyouts to Cut 28,000 Jobs
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. When fully in place, the downsizing is expected to save $2.1 billion per year.
This summer's reductions will mainly involve the transfer of work from smaller to larger processing facilities; notices will start going out this week to affected workers.