U.S. Postal Service to Cut Jobs

The U.S. Postal Service has announced that it will close offices, cut jobs and offer early retirement to workers in an effort to save more than $100 million annually.

According to a USPS press release, the agency is closing six of 80 district offices, while 15 percent of the workers holding district-level positions will lose their jobs. About 150,000 workers across the U.S. will be offered early retirement.

In the past year the Postal Service says it has taken aggressive cost-cutting actions, including cutting 50 million work hours, halting construction of new postal facilities, negotiating an agreement with the National Association of Letter Carriers that adjusts letter carrier routes to reflect diminished volume, and freezing salaries and hiring.

Click here to read the entire Postal Service press release concerning the cuts.