U.S. Postal Service Cutting 7,500 Jobs, Closing 7 Offices
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The U.S. Postal Service, which has said it may run out of money this fiscal year, plans to eliminate about 7,500 jobs and close seven administrative offices to cut costs.
The agency plans an early retirement and financial incentive program to move workers with a minimum of 20 years or a total of 25 years at the postal service depending on age out of its employee base, according to an statement e-mailed today. The changes will save $750 million a year, the agency said.