Monday, March 23, 2009

U.S. Postal Service to Offer 150,000 Buyouts

Battered by the economy, the post office is offering early retirement to 150,000 workers, cutting management and closing offices, the agency said Friday. The Postal Service lost $2.8 billion last year and is facing even larger losses this year, despite a rate increase — to 44 cents for first-class mail — scheduled to take effect May 11.

read more | digg story

No comments:

Post a Comment