Employee bloated Postal Service loses $2.2B in 3 months as virus woes persist

Snippet of Article: "...DeJoy offered a gloomy picture of the 630,000-employee agency Friday in his first public remarks since taking the top job in June. “Our financial position is dire, stemming from substantial declines in mail volume, a broken business model and a management strategy that has not adequately addressed these issues,” DeJoy told the postal board of governors at a meeting Friday. “Without dramatic change, there is no end in sight,” DeJoy said..."

Source: www.wtnh.com

Louis DeJoy, Postmaster General DeJoy, Overtime Abuse, Postal buyout incentives, Too Many Senior Employees,

Early retirement and buyout incentives offered to USPS Mail Handlers

Article Title: Mail Handlers to be offered retirement incentive

Snippet of Article: "...eligible Mail Handlers who choose to leave employment with the USPS on or before August 31, 2012 will each receive incentive payments totaling up to fifteen thousand dollars (for full-time employees)...."

Source: National Postal Mail Handlers Union Local 317 Early retirement incentive, Mail Handler Buyout, Postal Buyout Incentives, Postal Retirement Incentive, Voluntary Early Retirement (VER)

$20,000 Postal Service Buyouts Offered

Article Title: USPS offers buyouts to postmasters, drops plan to close post offices

Snippet of Article: "...Under heavy pressure from Congress, the U.S. Postal Service is shelving plans to close up to 3,700 post offices and instead will offer $20,000 buyouts to..."

Source: Postal Newsgroup

Postal buyout incentives, early retirements, but still more plant closures

Article Title: Senate Seeks Ways to Save Postal Service

Snippet of Article: "...bill being debated on the Senate floor this week was recently modified to take into account the concerns of mostly rural states. For instance, it would:

• Cut in half the number of mail processing centers the Postal Services currently wants to close — from 252 to 125 — allowing more U.S. areas to maintain overnight first-class mail delivery for at least three more years...."

Source: www.time.com Postal buyout incentives, Early Retirements, mail processing center closures,