Postal Service Offers Workers $15K To Quit

The Dayton Business Journal reports the U.S. Postal Service will offer buyouts to 30,000 workers in hopes of saving $500 million in costs next year.

The incentive package offers eligible employees $10,000 to be paid during the first three months of fiscal 2010, which begins Oct. 1. The same employees will receive a second payment of $5,000 in fiscal 2011.

According to a Postal Service news release, the USPS negotiated an agreement with two of its employee unions to offer select employees a financial incentive to retire or resign before the end of this fiscal year.

The one-time offer is intended to accelerate targeted staffing reductions for employees represented by the American Postal Workers Union or the National Postal Mail Handlers Union, the release said.

The offer was not extended to postal carriers represented by the National Association of Letter Carriers and the National Rural Letter Carriers' Association.

The postal service employs more than 656,000 workers nationwide.

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