Two Thousand Postal Employees Take $20,000 Buy Out

Sean Reilly of Federal Times reports, "More than 2,000 U.S. Postal Service administrators have signed up for an early-out deal that will give them $20,000 in return for leaving their financially struggling employer by the end of next month..."

According to Sean, the $20,000 incentive will be paid out in equal installments this November and in November 2012.

He goes on to say, "The buy outs will account for about two-thirds of the 3,155 administrative slots that the Postal Service is cutting under the reorganization....Of the authorized administrative reductions, 1,179 will come from headquarters and headquarters field units, 345 from area administrative offices and 1,631 from district administrative offices, according to the Postal Service."

The agency also plans to trim about 2,500 front-line supervisory jobs and 2,000 postmaster positions according to the article.

To read the entire piece, click here.